Specifications include, but are not limited to: Flexible Spending Account Program – Health Care and Dependent Care 1. Administer the FSA program according to the IRS regulations. 2. Provide notification of changes in regulations affecting the plans and provide advice to the State on ways to enhance employees’ understanding and participation in the plans. 3. Provide confirmation statements after the Open Enrollment period to each enrolled participant. 4. Produce all communication materials for Open Enrollment and ongoing administration of the plan. 5. Support ongoing administration of the program in accordance with State requirements for member reimbursement, billing and reporting as outlined in Attachment 17.A. 6. Agree to accept the State’s existing electronic file formats (see Attachment 20). 7. Provide ongoing reporting according to the State’s requirements as outlined in the Master Report List for FSA/PTC provided as Attachment 17.A. Pre-Tax Commuter Program 1. Operate a pre-tax commuter program in compliance with federal tax laws, including any reporting requirements, and applicable State laws and regulations. 2. Manage claim processing/reimbursement and voucher delivery. 3. Produce all communication materials for ongoing administration of the plan. 4. Maintain on the State’s behalf, including enrollment, premium and claim reconciliation. 5. Agree to accept the State’s existing electronic file formats (see Attachment 20).
