Government Contract | Virginia
ANNUAL CONTRACT FOR FLEXIBLE SPENDING ACCOUNTS CLAIMS ADMINISTRATION

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Bid Information


Bid Alert No: 00000511952

Bid Title: ANNUAL CONTRACT FOR FLEXIBLE SPENDING ACCOUNTS CLAIMS ADMINISTRATION

Agency Bid No. Title: 16-1137-2CS

Received Date: 03/15/2016

Close Date: 04/15/2016

Purchase Type: Not Stated

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 03/25/2016

Specifications

Specifications include, but are not limited to:The Successful Offeror shall be responsible for providing all services necessary to meet theneeds of Claims Administration relative to this RFP. Offerors should address their ability toprovide, at a minimum, the following services:1. Plan Design: Under the spending account concept, each eligible employee would beallowed to use pretax dollars to receive payment for certain non-reimbursed health anddependent care expenses. Participants would be required to reduce their current salaryin order to contribute into one or more of the spending accounts. Administratively,separate accounts would need to be maintained for each participant. The following willprovide a summary of the plan design features:a. Source of Funds - Employee pretax contribution (no employer funds).b. Minimum Annual Account Level - $100 per employee for either type of account.c. Maximum Benefit Levels (current)i. $2,550 per employee (Health Care Account)ii. $5,000 per employee (Dependent Care Account)d. Carryover Provision Unused health care account funds up to $500 at the end of theplan year will be carried over into the next plan year. However, employees that enrollin the Countys high deductible/HSA plan for the next plan year will not be eligible tocarryover unused funds.

Product Code: 95327

Agency Information


Issuing Agency: County of Henrico

State: Virginia

Agency Type: State and Local

Contact: Cecelia H. Stowe, Department of General Services County of Henrico County of Henrico Department of Finance, 8600 Staples Mill Road, Henrico, Virginia, 23228

Phone: 804-501-5685

Fax: 804-501-5693

Email: sto05@co.henrico.va.us

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