This Government Contract opportunity from Office Of Personnel Management was posted on July 2, 2020. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Federal Flexible Spending Account Program (FSAFEDS) Administration Services (MULTI-AGENCY CONTRACT)
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The Office of Personnel Management awarded a Multi-Agency Contract to HealthEquity, Inc. on July 2, 2020, for the administration of the Federal Flexible Spending Account Program (FSAFEDS). This Indefinite Quantity contract has a ceiling of 250 million dollars and utilizes fixed unit pricing. The scope of work involves providing third-party administration for health and dependent care flexible spending accounts, with a total performance period of up to 54 months encompassing a start-up phase and three base periods. The contractor is required to adhere to strict information security and privacy standards, including HIPAA and the Privacy Act, and must obtain a mandatory Authorization To Operate for all IT system implementations. The procurement process emphasized rigorous compliance through a pass/fail evaluation of ownership disclosures, experience questionnaires, and IT security affirmations. Additionally, the contract incorporates specific small business subcontracting goals and follows Federal Acquisition Regulation standards for commercial items and labor.
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Submission Closed
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