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06/22/2021 (3)
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06/22/2021 (3)
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5/31/2022 1:33:06 PM
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5/31/2022 12:20:36 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
06/22/2021
Meeting Body
Board of County Commissioners
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INDIAN RIVER COUNTY <br />MEMORANDUM <br />TO: Jason Brown <br />County Administrator <br />FROM: Suzanne Boyll Jy-r - <br />Human Resources Director <br />DATE: June 14, 2021 <br />CONSENT <br />/,, <br />SUBJECT: Approval of Flexible Spending Account (FSA), COBRA, and Retiree Billing Providers <br />effective October 1, 2021 <br />BACKGROUND: <br />Indian River County evaluated the services provided by our current vendors for flexible spending accounts <br />(FSA), COBRA continuation, and retiree billing services and determined that opportunities existed to make <br />improvements in the administration of these services. It was a goal to consolidate COBRA and FSA services <br />under one vendor. Our goal was also to improve the retiree billing experience for our retirees by selecting <br />a vendor who could provide an improved customer service experience as well as provide accurate written <br />communications. <br />Total Administrative Services Corporation (TASC) currently provides FSA and retiree billing services and <br />Chard Snyder provides COBRA continuation services. <br />• The current per participant per month cost for FSA with TASC is $3.64. <br />• The current per retiree per month cost for retiree billing with TASC is $2.05. <br />• The current per benefit eligible employee & retiree per month cost for COBRA services with Chard <br />Snyder is $.40. <br />Our broker/consultant, Lockton Companies marketed these services. The initial marketing analysis is <br />attached. Seven (7) vendors met the marketing criteria as noted below: <br />Ameriflex <br />Medical FSA <br />257 <br />$3.64 <br />Dependent Care FSA Only <br />3 <br />$3.64 <br />Additional Employees in Ext. Grace Period <br /># TBD <br />$0 <br />Retiree Billing <br />348 <br />$2.05 <br />Benefit Eligible (with Retirees) enrolled for COBRA <br />1,801 <br />N/A <br />Employees enrolled in COBRA Eligible plan (w/o Ret•rees) <br />1,376 <br />N/A <br />COBRA Administration <br />15 <br />$.40 + $15 per OE <br />packet <br />Our broker/consultant, Lockton Companies marketed these services. The initial marketing analysis is <br />attached. Seven (7) vendors met the marketing criteria as noted below: <br />Ameriflex <br />
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