Laserfiche WebLink
Monthly Per Participant Fee - $4.75 <br />Minimum Per Month $75 <br />Includes: <br />Daily Administration <br />Online Claims Administration <br />Passport Debit Card Option <br />Compliance Testing — HIPAA Controls <br />Form 5500 Assistance <br />The above costs would be offset by FICA savings to the City. Therefore, to offset the annual <br />$900 cost, employees would have to allocate approximately $12,000 (FICA is 7.65 %). Given <br />dependent care alone, we anticipate that there will be at least $12,000 in participation. <br />It is our recommendation that the City implement the Pre -Tax Medical Spending and Dependent <br />Care Flexible Spending Accounts for employees. It is also our recommendation that Passport be <br />designated as the City's plan administrator for the program. <br />2 <br />