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AI-7056 New Business     E.       
City Manager  
Meeting Date: 07/13/2020  
HRA Account Contract Change
Submitted By: Katie Knisley
Department: Human Resources  
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 07/07/2020
Audio-Visual Needs: None
Emergency Legislation?: No
Motion/Ordinance/
Resolution No.:
2020-R-6893

Agenda Item Description or Legislation Title
A Resolution Authorizing The City Manager To Enter Into Agreements With Navia Benefit Solution, Inc. As A Business Associate And For The Services Of A Third Party Plan Administrator For The Health Reimbursement Arrangement Plan.
(first reading)
Purpose and Background
The City is currently in a Business and Service Agreement with FlexBank to administer the City's HRA Plan.  FlexBank is transitioning to a new company, Navia Benefit Solutions, Inc.  This legislation will replace FlexBank with Navia Benefits Solutions, Inc. as the City's third party plan administrator for the HRA plan and will assist the City in staying in compliance with the law.  The City will continue to provide the necessary information in order for Navia to disperse funds to employees requesting reimbursement for medical expenses and will continue to monitor those expenses to be certain that they are qualified medical expenses as provided in the Internal Revenue Code.  Navia will provide all necessary paperwork to the City for employees to file claims and will also provide the City with monthly reports as to the activity in the account.  The fees with Navia will remain the same; therefore, there are no budget changes for 2020.

Included with the legislation is the current Agreement with FlexBank, Inc. and the final Navia contract will be added to the packet.

Fiscal Impact
Source of Funds: HR Professional Services
Cost: N/A
Recurring Cost? (Yes/No): N/A
Funds Available in Current Budget? (Yes/No): Yes
Financial Implications:
Fees will not change; therefore, no change in the 2020 Budget.
Attachments
Existing Agreement
Resolution
2020-R-6893


    

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