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Council defers decision on Ameriflex to manage city HSAs, cites runout-claims and compliance questions
Summary
After testimony from the city's current administrator (IBC) about runout-claim administration costs and a potential IRS compliance issue, council voted to defer authorization to negotiate with Ameriflex for one week to obtain answers and allow staff negotiations.
The council voted to defer for one week a motion to authorize city staff to enter negotiations with Ameriflex to administer the city's health savings accounts (HSAs), flexible spending accounts (FSAs) and COBRA services.
Stuart Lee of IBC, the city's current benefits administrator, told the council that the Ameriflex proposal appeared lower priced but did not account for…
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