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FSA and COBRA - Administration Services
3/14/2025
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Adams and Broomfield Counties, Colorado
Adams 12 Five Star Schools
The buyer seeks a vendor to provide comprehensive administration services for Flexible Spending Account (FSA), Dependent Care Account (DCA), and COBRA programs. The vendor must ensure compliance, utilize technology for easy claim submission, establish effective communication strategies, and provide detailed reporting. The contract aims to start July 1, 2025, with systems fully operational by September 1, 2025.
- 2/26/2025 - Questions Due
- 3/7/2025 - Addendum Posted
- 3/14/2025 - Proposal Due Date
- 3/31/2025 - Interviews
- 7/1/2025 - Contract Start
Refer to RFP
- Administer Flexible Spending Account (FSA) and Dependent Care Account (DCA) programs
- Manage COBRA plan continuation coverage administration
- Provide web portal and mobile app for employee access
- Generate reports on enrollment, costs/fees, payments, eligibility, etc.
- Ensure compliance with Section 125 and 129 regulations
- Utilize debit cards for easy claim submission process
- Establish effective communication strategy to promote solutions
- Manage collection of COBRA payments from electees
- Coordinate with medical provider on COBRA continuation coverage
- Provide detailed COBRA participation and compliance status reports
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