This task order is issued to offset (buydown) part of the administrative fee charged to agencies for benefit year 2026 with funding from OPM's risk reserve account. For benefit year 2026, OPM will…
Active Awarded Last action
- Contract number
- 24362526F0009
- Awardee
-
Healthequity, Inc. UEI JHYDEGZ72RH3
- Awarding agency
-
Office of Personnel Management
- Obligated
- $21,999,488
Award facts
- Contract value 100% obligated
- $21,999,487.58 Current and potential, with all options
- Completion date 81% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 524292 Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds
- PSC
- R711 Support- Management: Banking
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Draper, UT 84020, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this award
The Office of Personnel Management (OPM) awarded a $22.0 million delivery order to Healthequity, Inc. for Benefit Year 2026, effective January 1 through December 31, 2026. This delivery order is issued under a firm fixed-price contract structure to offset administrative fees charged to federal agencies participating in the Federal Flexible Spending Account Program (FSAFEDS). The funding originates from OPM's Risk Reserve Account and is intended to reduce the administrative burden on agencies by subsidizing a portion of FSAFEDS program costs. Healthequity, Inc., headquartered in Draper, Utah, serves as the prime contractor with no subcontractors identified. The delivery order was awarded without set-aside designation on a full and open competitive basis, with performance conducted in Draper, Utah.
This delivery order is issued under Healthequity's primary Indefinite Delivery Contract with OPM, a single-award vehicle valued at approximately $131.8 million through December 31, 2029, covering comprehensive FSAFEDS administration for approximately 2 million federal civilian employees and uniformed service members. Healthequity's core responsibilities under the FSAFEDS program include account establishment, contribution processing, claims processing, customer service, reimbursement management, debit card issuance, enrollment marketing, data security, and fraud prevention. The company has established itself as the primary administrator of FSAFEDS across virtually all major federal agencies and departments, from the Department of Defense and military branches to civilian agencies including the Department of Justice, Department of Labor, and numerous smaller federal entities.
Description
This task order is issued to offset (buydown) part of the administrative fee charged to agencies for benefit year 2026 with funding from OPM's risk reserve account. For benefit year 2026, OPM will reduce the fsafeds administrative fee charged to
Quick answers
Who was awarded contract 24362526F0009?
24362526F0009 was awarded to Healthequity, Inc. by Office of Personnel Management on January 1, 2026.
How much is contract 24362526F0009 worth?
The government has obligated $21,999,488 on 24362526F0009.
Is contract 24362526F0009 an order under another contract?
Yes. 24362526F0009 is a delivery order under 24322625D0002, an indefinite delivery contract.
Was contract 24362526F0009 competed?
The extent of competition for 24362526F0009 was full and open competition.
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