MB-5199 - USA (Missouri) - Flexible Spending Administration Services - Deadline May 26,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: MB-5199

Government authority located in Missouri; USA, based organization looking for expert vendor for flexible spending administration services.

[A] Budget: looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide flexible spending administration services for verifying plan participation from the initial enrollment data.
- banking services to receive bi-weekly electronic transmittal of contributions through Wire Transfer, and remit reimbursement checks (minimum balance will be negotiated.).
- issue debit cards to each plan participant for qualified purchases for all enrolled plans with an optional debit card for one qualified dependent.
- all claim forms and direct deposit option for reimbursement of qualified expenses when the debit card is not used
- process all claims on a direct claim basis with no verification of claims
- review each claim and determine the appropriate benefit payment based on the terms and conditions
- allow for claims submission two months after close of the Plan Year for claims incurred during the Plan Year
- Administrator must ensure proper accounting of manual claims processing during May and June due to two Plan Years being open
- Administrator must investigate and pursue reimbursement of reported fraudulent claims
- Administrator/payment card processor shall provide a system for approving and rejecting card transactions using inventory control information with merchants who need not be health care providers
- able to accept and post biweekly wire transfer of contribution amounts
- accept enrollment, contribution and termination information by electronic text file transmitted biweekly
- maintain enrollment, claim and contribution accrual data in machine-readable format that would allow for transfer of claim information to another administrator at the termination of the contract within two business days
- able to handle Tax-Free Transportation, Dependent Care and Healthcare FSA accounts.
(2) All questions must be submitted no later than May 12, 2021.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

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

Expiry Date : Wednesday, 26 May, 2021

Question Answer Deadline : Wednesday, 12 May, 2021

Category : Medical Billing and Coding

Country : USA

State : Missouri

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