Health Savings Account and Flexible Spending Account Services
Location:
Minnesota, United States
Posted on:
Deadline:
Summary:
Minnesota seeks a vendor to administer health savings and flexible spending accounts, including both employee reimbursements and plan document management.
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A vendor is sought to provide comprehensive administration services for health savings accounts (HSA) and flexible spending accounts (FSA), including medical reimbursement and dependent care accounts. The services will cover administration of HSA, including Limited Scope HSA (LSHSA), and seamless coordination of reimbursements for FSA, HSA, and LSHSA for employees. Vendors must oversee plan administration according to the current cafeteria plan document and handle updates for plan amendments and legislative changes.
The awarded contractor will be responsible for offering a user-friendly employee portal, enabling participants to manage their accounts, check balances, make account changes, request reimbursements, and review reimbursement statuses. The contract period will be five years, and all questions regarding the RFP must be submitted before March 4, 2026.
