TO: Board of Supervisors
FROM: Christine Brice?o, Director of Human Resources
REPORT BY: Joy Cadiz, Staff Services Manager
SUBJECT: Amendment No. 6 to Agreement No. 170137B with Inspira Financial Health, Inc.
RECOMMENDATION
title
Approve and authorize Amendment No. 6 to Agreement No 170137B with Inspira Financial Health, Inc. (formerly PayFlex Systems USA, Inc.), extending the term of the agreement through June 30, 2025, with an automatic renewal option for an additional two fiscal years for employee flexible-spending benefit administration. (Fiscal Impact: $23,000 annual expense; Employee Benefits Fund, Budgeted, Discretionary)
body
BACKGROUND
Inspira Financial Health, Inc. (formerly PayFlex Systems USA, Inc.), was awarded a contract to provide flexible spending account benefits to County employees, effective January 1, 2014. These benefits allow employees to withhold income pre-tax for eligible medical and dependent care expenses. In September of 2014, the program was expanded to include eligible commuter expenses (e.g., transit, parking, etc.) to comply with the Bay Area Commuter Benefits Program.
In 2019, the County evaluated other flexible spending providers and solicited feedback from employees regarding their experience with PayFlex. Employees were generally satisfied with PayFlex as a service provider.
Approval of this contract amendment extends the contract term through June 30, 2025, with an automatic renewal for two additional fiscal years. All other terms remain in full force and effect.
FISCAL & STRATEGIC PLAN IMPACT
Is there a Fiscal Impact?
Yes
Is it currently budgeted?
Yes
Where is it budgeted?
Employee Benefits-Flexible Spending 4400005
Is it Mandatory or Discretionary?
Mandatory
Is the general fund affected?
No
Future fiscal impact:
The administration fees for Flexible Spending Account benefits and Commuter Benefits are budgeted and offset by plan forfeitures.
Consequences if not approved:
The County would not administer Flexible Sp...
Click here for full text