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Personnel committee approves Associated Bank EDI agreement for FSA, HSA and COBRA
Summary
The Stevens Point Personnel Committee unanimously approved an electronic data‑integration agreement with Associated Bank to handle FSA, HSA and COBRA transactions, a transition the city says is already operational and will cost about $680 annually.
The Stevens Point Personnel Committee voted unanimously Aug. 10 to approve an electronic data‑integration (EDI) service agreement with Associated Bank to process FSA, HSA and COBRA transactions.
Manager Frasch told the committee the transition had been delayed but is now in operation and that the city seeks formal approval to move forward. "And the estimated cost would be $680 annually," Frasch said. Frasch clarified the agreement provides an electronic data transfer for current services and "would not impact" where employees currently maintain accounts.
Committee members asked whether employees would be required to change providers; Frasch said they would not. The motion to approve was recorded as moved by Olson and seconded by Donahue and passed unanimously. The action was described as an operational IT and benefits‑administration update; no additional budget appropriation beyond the estimated $680 annual cost was noted in the discussion.
