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Title:
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Committee recommends approval of the Contract Renewal: Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), and Continuation of Health Insurance (COBRA) to Ameriflex, of Carrollton, Texas for the following contract amount/rates of FSA-$3.65 per employee per month, HSA-$1.95 per employee per month, COBRA-$0.65 per employee per month and a $55.00 monthly base fee. The annual administrative fee is $150.00. The total estimated annual premium is $32,660.00 based on current participation. The contract duration is three (3) years with two (2) one-year renewal options. The funding source is the Health Insurance Fund.
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