Third Party Administration of Flexible Spending and Qualified Transportation Account Program Services

Location:

Connecticut, United States

Posted on:

Deadline:

Summary:

Connecticut seeks a third party administrator to manage its Flexible Spending and Qualified Transportation Account programs, including enrollment processing, card issuance, and online participant access.

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The State of Connecticut is seeking a vendor to provide third party administration and record keeping services for its Flexible Spending Accounts (FSA) and Qualified Transportation Account Program. The selected provider will be responsible for collecting and processing all program enrollments and changes, transferring payroll deduction information to and from the State's Peoplesoft system, and reconciling contributions to employees' elected amounts.

Each program participant must be issued a no-fee debit or credit card to pay for eligible expenses. The vendor is expected to develop and maintain a State-specific website for employees, offering detailed information about the benefits program as well as educational and marketing materials.

Services also include providing an online portal, a mobile app, and an interactive voice response system where participants can access account statements, balances, transaction histories, request cards, report lost or stolen cards, and upload qualifying receipts. The State is to be given access to an online reporting system. Additionally, the vendor will operate a State-specific toll-free telephone line for the program and provide reconciliation of contributions and claims reimbursements at the end of each calendar year.

Best-fit vendors:

• Experience administering FSAs and qualified transportation benefit programs for public sector clients

• Capability to integrate with Peoplesoft payroll systems

• Proven track record with secure online portals, mobile apps, and debit/credit card program management

• Ability to develop educational materials and operate state-specific support hotlines

• Strong compliance history with state and federal benefit regulations

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Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.

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Submit your next proposal, within 48 hours or less

Stay ahead with the latest advancement in proposal automation.