MB-3135 - USA (Texas) - Third Party Administrators Service for Employee Benefits - Deadline June 13,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-3135

Government Authority located in Texas; USA based organization looking for expert vendor for third party administrators service for employee benefits.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide third party administrators service for the employer’s cafeteria benefits plan (IRS section 125) and administer the tax deferred annuity and custodial plans under section 401(a), 403(b), 403(b)(7) and section 457.
1. Work directly with district staff and insurance committee to design and maintain cafeteria plan.
2. Make arrangements to meet all legal requirements of IRS Section 125.
3. Educate district employees on the concept of cafeteria plans.
4. Be responsible for enrollment of employees on all campuses and departments.
5. Provide up-to-date information upon employee request.
6. Assist in processing of claims as requested.
7. File tax information with the internal revenue service after review and approval by the district.
8. Enroll and service new employees as needed.
9. Maintain appropriate accounting records.
10. Assist district administration with resolution of employee problems as they arise.
11. Provide district with customer service representatives that are easily accessible.
12. Cooperate and consult with the district’s insurance committee of the board and insurance advisory committee on plan operation.
13. Assist administration determining that employer policy is adhered to in product distribution.
14. Assume responsibility for all needed forms and documents relating to the 125-cafeteria plan.
15. Provide a consolidated report identifying all participating employees and their contributions.
16. Disburse contributions to the various carriers and vendors on a pay period basis, writing checks from a bank account controlled by district.
17. Pay claims from the unreimbursed medical accounts at least twice per week, writing checks from a bank account controlled by District.
18. Provide a monthly reconciliation of contribution receipts and disbursements.
19. Arrange for approved changes in employee payroll deductions.
20. Aid in the district’s compliance with all applicable state and federal statutes and regulations.
21. Provide uniform coverage indemnification to district for a minimum of $2,500 per employee.
22. Provide dependent care reimbursement on an automatic basis.
23. Must assure full compliance with the health insurance portability and accountability act (HIPAA) rules and regulations.
(2) All questions must be submitted no later than May 24, 2019.
(3) Contract term will be five years.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Thursday, 13 June, 2019

Question Answer Deadline : Friday, 24 May, 2019

Category : Medical Billing and Coding

Country : USA

State : Texas

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