The Office of Personnel Management awarded an indefinite delivery, indefinite quantity contract to provide third party administration services for the Federal Flexible Spending Accounts Program. Task orders issued against the contract by various federal agencies total over $250M and require the prime contractor, Healthequity, Inc., to administer health care and dependent care flexible spending accounts for federal employees through December 2024. Services include account management, claims processing, and other support for the Federal Employees Health Benefits Program. By allowing pre-tax contributions, FSAFEDS helps agencies recruit and retain personnel by making certain medical and dependent care expenses more affordable. The original solicitation aimed to continue this competitive benefit and comply with IRS rules through outsourced program administration. Places of performance span multiple states, and task orders were awarded without set-asides by agencies like DHS, DOL, and HHS to cover their respective workforces under FSAFEDS through the end of 2023.
The Office of Personnel Management established an IDV contract vehicle to provide third-party administration of the government-wide Federal Flexible Spending Accounts Program through December 2024. Over a dozen federal departments and agencies issued task orders against the contract valued in aggregate at over $250 million. The prime contractor, Healthequity, Inc., will deliver flexible spending account management, reimbursement processing, and additional program support services from multiple locations. By facilitating pre-tax contributions for eligible medical and dependent care costs, FSAFEDS enhances the competitiveness of federal benefits packages and assists workforce recruitment and retention. Task orders awarded without set-asides fund administration for agencies' FSAFEDS participation through the close of calendar year 2023, advancing statutory pre-tax benefits for federal personnel.
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