Government Contract | Iowa
Asset Verification System

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Bid Information

Bid Alert No: 00000403853

Bid Title: Asset Verification System

Agency Bid No. Title: ACFS 17-001

Received Date: 10/29/2015

Close Date: 01/18/2016

Purchase Type: Term:

Delivery Point:

Delivery Date: Not Stated

Special Notices: L.O.I. Due By 11/04/2015, Questions Due By 11/09/2015, Bidder Preregistration, Warranty Required


Specifications include, but are not limited to:The Contractor shall provide, at a minimum, an Asset Verification System (AVS) that meets allrequirements of the Centers for Medicare/Medicaid Services and P.L. 1040. The AVS shall send and receive inquiries and verifications electronically from the AVS to theFinancial Institution (FI) and to the Agency. The system cannot be based on mailing or faxing paperbasedrequests. The system must have the capability to provide for both electronic submission ofrequests to FIs and the electronic receipt of responses from FIs. The Contractor shall provide training and customer support to both DHS and FI staff. The AVS must provide documentary evidence that the search was conducted even if no assetsare found. The AVS shall request information concerning both open and closed accounts going back for aperiod up to five (5) years to determine if the client's name appeared on any account as a single or jointowner during the look-back period. The AVS shall include, at a minimum, checking, savings, investment accounts, IRAs, treasurynotes, certificates of deposit, annuities and any other assets that may be held or managed by a FI. The AVS shall allow for verification requests to be sent to FI other than those identified by theapplicant or recipient. These queries shall be based on some logic such as geographic proximity to theapplicant's home address or other reasonable factors. The AVS must provide an option for DHS staffto specify FI.

Product Codes: 20800, 20900, 92064

Agency Information

Issuing Agency: State of Iowa - Department of Human Services

State: Iowa

Agency Type: State and Local

Contact: Michelle Muir IADHS - Division of Fiscal Management, 1305 East Walnut, Des Moines, Iowa, 50319

Phone: 515-281-8785

Fax: 515-281-6248




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