The purpose of this task order is to provide funds for financial institution (FI) fees incidental to the services ordered for the base period of the access to financial institutions contract. The…

This is a federal contract award by the Social Security Administration (SSA) to Accuity Asset Verification Services Inc., a for-profit corporate entity, to provide asset and income verification services in support of the SSA's Access to Financial Institutions (AFI) program. The purpose of this $4,445,668.00 task order is to provide funds for financial institution fees incidental to the services ordered for the base period of the AFI contract. Through this contract, Accuity will assist the SSA in determining Supplemental Security Income (SSI) eligibility and payment amounts by obtaining electronic access to financial records. This contract is part of a larger $56 million indefinite delivery contract that Accuity holds with the SSA to provide asset and income verification services. No set-aside designation was used for this award.

The purpose of this task order is to provide funds for financial institution (FI) fees incidental to the services ordered for the base period of the access to financial institutions contract. The social security administration (SSA) administers the supplemental security income (SSI) program that was created by congress to provide income assistance for the aged, blind, or disabled whose income and resources are below specified levels. Countable resources, including those from financial accounts, must be under $2,000 for an individual and $3,000 for a couple. Currently, there are over 8.2 million SSI beneficiaries on the rolls, and approximately 2.6 million individuals apply for SSI each year. In addition, each year SSA conducts approximately 2.6 million periodic redeterminations of SSI eligibility. During both initial SSI claims determinations and SSI redeterminations, SSA must obtain verification of FI account balances to determine that resources remain under the specified level(s). SSA uses titling, balance, and related information on all types of accounts and certificates held by an SSI applicant, recipient, or deemor, to identify countable resources. The purpose of the contract is to support the SSI program by using the access to financial institutions (AFI) program to verify accounts, account balances, and interest income for applicants, recipients, and/or deemors.