Spending Accounts and HSA Service

Overview

Financial, Legal, HR & Staffing

Oklahoma City, Oklahoma, United States; Tulsa, Oklahoma, United States; Norman, Oklahoma, United StatesPosted about 1 month agoDeadline: May 8th, 2026

Fit Score

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SUMMARY

Seeking a provider for bundled FSA, DCFSA, and HSA spending account services with a unified debit card solution and advanced account management for higher education employers in Oklahoma.

KEY REQUIREMENTS

Must provide a bundled Spending Account (FSA/DCFSA) and Health Savings Account solution
Must provide a single debit card solution that supports both FSA and HSA accounts
Must be able to accept electronic claim file feeds from medical and pharmacy carriers for automated claim adjudication
Must have at least 5 years of experience with account management personnel assigned to the team
Must have a current business license and all required certifications to operate in the State of Oklahoma
Must certify that no work will be performed via offshore service centers; all work must be performed within the continental United States
Must agree to a 1-year contract term with a 3-year rate guarantee
Must be registered in the University's Supplier Registration system
Must execute a Non-Disclosure Agreement (NDA) to receive patient census data

BUDGET

Estimate

$500,000 – $1,000,000

CONTRACT DURATION

12 months

TIMELINE

Release RFP to Bidders: April 2nd, 2026

Intent to Bid Due Date: April 10th, 2026

Questions Due From Bidders: April 10th, 2026

Proposals Due From Bidders: May 8th, 2026

Finalist Meetings: June 8th, 2026 – June 12th, 2026

Effective Date: January 1st, 2027

QUESTION DEADLINE

April 10th, 2026

Issuing Agency

The University Of Oklahoma

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DESCRIPTION

The contracting agency is seeking a vendor to provide comprehensive spending accounts and Health Savings Account (HSA) services for higher education employers. The selected provider must offer a single debit card solution that enables access to both Flexible Spending Accounts (FSA) and HSA accounts, allowing all eligible funds and products to be managed and used through one card.

Vendors will be required to facilitate electronic claim file acceptance from medical and pharmacy carriers, supporting automated claim adjudication and payments from spending accounts. Additionally, an experienced, dedicated account management team with expertise in serving the large higher education market is essential. The solution should include bundled FSA/Dependent Care FSA and HSA support, with high standards of service and integration.

Vendors must demonstrate the ability to deliver their services with efficiency, data security, and a seamless user experience for both administrators and end users.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.