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Flexible Spending Accounts (FSA) and Commuter Benefits Administration, COBRA and Direct Billing Services
Montgomery College
Buyer seeks a vendor to administer Flexible Spending Accounts, Commuter Benefits, COBRA, and Direct Billing services for approximately 3,600 employees. The services include Health Care FSA, Dependent Care FSA, Limited Purpose FSA, and Transit/Parking benefits administration starting January 2026. Buyer requires secure data handling with SAML 2.0 integration, comprehensive participant web portal, and mobile application capabilities. The contract will be for an initial 3-year term with possible extensions.
- 4/21/2025 - Questions Due
- 4/28/2025 - Response to Questions
- 5/5/2025 - Proposal Due Date
- 1/1/2026 - Contract Effective Date
- In business for minimum of ten years
- Registered to do business in Maryland
- Provided services to three public sector entities
- Provided services to two higher education institutions
- Possess established mobile application
- Established procedures for managing COBRA subsidies
- Administer Health Care FSA plans with rollover capabilities
- Manage Dependent Care FSA accounts
- Operate Limited Purpose FSA programs
- Administer Transit and Parking Commuter Benefits
- Process COBRA qualifying events and elections
- Provide direct billing services for retirees and LOA employees
- Implement mobile application for employee expense scanning
- Support multi-payroll frequency structure
- Maintain secure web portal for participant account access
- Generate required compliance notices and documentation
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