Laserfiche WebLink
employees. At the time of invoice, the Plan Sponsor is responsible for administration <br />fees for the entire Plan Year, including carryover or grace period, as applicable. <br />Failure to remit Plan participant funds or payment for administrative services will <br />result in a disruption of services, the forwarding to collections and/or ternlination or <br />all services provided by TASC under this Agreement. <br />C. FlexSystem is designed to administer HIPM excepted and non -excepted health FSA <br />plans. A non -excepted health FSA may be subject to HIPAA portability, a full <br />COBRA offering of 18 or 36 months, and certain of the health care reform <br />requirements under The Patient Protection and Affordable Care Act. The Plan <br />Sponsor who offers a non -excepted health FSA is responsible for ensuring their <br />plans meet all applicable regulations for non -excepted health plans. The additional <br />requirements are not covered under the Audit Guarantee. <br />18. TASC HSA <br />A. TASC provides administrative services to assist Plan Sponsor in. offering its eligible <br />employees the option to open Health Saving Accounts (HSA). Plan Sponsor <br />acknowledges that TASC is not qualified to act as a trustee or custodian of the HSA <br />funds and is not acting as such. TASC provides the Health Savings Account (HSA) <br />services pursuant to an agreement with one or more third party financial institutions <br />that serve as custodian and trustee of the HSA Funds ("Custodian'). TASC is not <br />responsible for claims, damages or liabilities arising from failure of Custodian to <br />perform its obligations or provide resources as required by its agreement with TASC <br />(Custodian is, however, liable for failure to perform its obligations). <br />16 <br />