City of Murfreesboro Sealed Solicitation
Title: Section 125 Plan Administration
Deadline: 4/20/2017 2:00 PM (UTC-06:00) Central Time (US & Canada)
Status: Deadline Expired
Solicitation Number: RFCSP-41-2017
Description: The City of Murfreesboro, Tennessee is issuing a Request for Competitive Sealed Proposals (RFCSP) from qualified Respondents for administering the City’s Section 125 plans, including the premium conversion plan, the unreimbursed medical and dependent care flexible spending accounts (FSAs), and the post-Medicare retirement Health Reimbursement Arrangement (HRA) to provide services for a three-year term commencing on January 1, 2018, with an option to extend for two additional one (1) year terms for a total of 5 years. The City of Murfreesboro, Tennessee is a municipality that currently employs about 1,000 active full-time employees and their dependents, 70 pre-Medicare early retirees/long term disabled and their dependents, and 125 post-Medicare retirees/long term disabled and their dependents. The City departments include but are not limited to: Police, Fire, Water and Sewer, Street, Solid Waste, Parks and Recreation, Engineering, Planning, Human Resources, Finance and Administration. The City’s contract with its current Section 125 Administrator, WageWorks, expires on December 31, 2017. The post-Medicare HRA is intended to be used for qualified HRA expenses including those expenses that are determined to be an eligible HRA expense by the IRS Code Section 213(d) as well as to pay premiums for any qualified health plan. Qualified HRA expenses include out-of-pocket expenses in connection with the retiree’s medical benefits, such as: A. Deductibles; B. Coinsurance and copayments; C. Premiums for any qualified health plan (e.g., Medicare Parts B and D, Medicare Advantage plans, Medigap policies and other health care coverage such as dental, vision or hearing); D. Over-the-counter medications obtained with a prescription; E. Cost of services that insurance may not cover; and F. Other health care related expenses.
Documents:
Documents as of 4/3/2017 |
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