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25E - AGMT - EMPL BENEFITS
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25E - AGMT - EMPL BENEFITS
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8/31/2017 5:04:06 PM
Creation date
8/31/2017 4:28:08 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Police
Item #
25E
Date
9/5/2017
Destruction Year
2022
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18. <br />employees. At the time ofib voice, the Plan Sponsor is responsible for, Imirlistratior <br />fees for the entire Plan Year, including carryover or grace period, s applicable. <br />Failure to remit Plan participant funds or payment For adminisirativ sery ces will <br />result in a disruption of services, the forwarding to collections and/or t rmi aeon or <br />all services providedby TASC under this Agreement. , <br />C. FlexSystem is designed to administer HIPVI excepted and non -except d he•Ilth FSA <br />plans. A non -excepted health FSA may be subject to HIPAA port bilit , a full <br />COBRA offering of ,18 or 36 months, and certain of the health car reform. <br />requirements under The Patient Protection and Affordable Care t, ;he Pian <br />Sponsor who offers anon -excepted health FSA is respoasN foe urgng their <br />plans meet all applicableregulations for non -excepted health plans. e a ditional <br />requirements are not covered under the Audit Guarantee. <br />TASC HSA <br />A. TASC.progides administrative services to assist flan Sponsor in offeri g itj eligible <br />employees the option to open Health.Saving Accounts -(HSA). Ian iSponsor <br />acknowledges that TASC is not qualified to act as a trustee or custodi of dhe HSA <br />funds and is not acting as such. TASC provides the Health Savings A cout#It (HSA) <br />I <br />services pursuant to an agreement with one or more third party Financi f institutions <br />that serve as custodian and trustee of the HSA funds ("Custodian"). AS� is not <br />i <br />responsible for claims, damages or liabilities arising from failure of ustodian to <br />perform its obligations or provide resources as required by its agreemei twit( TASC <br />(Custodian is, however, liable tier failure to perform its obligations). <br />W <br />25E-42 <br />
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