Flexible spending and transit benefit administration contract

Minneapolis file 2026-01164, before the Minneapolis City Council. Still to be decided as of 2026-10-19.

Latest action: Scheduled by Enterprise & Labor Relations Committee

What it does

City employees keep flexible spending accounts running HealthEquity will manage how city workers set aside pretax dollars for medical and transit costs from January 2027 through December 2028.

The bigger picture

Transit benefit program continues for commuting employees Workers can continue using pretax dollars to pay for bus passes and other transportation, reducing their taxable income and commute costs.

What to watch

Cost rises if city extends contract past 2028 The city can extend the contract for up to three additional years at $200,000 per year, adding $600,000 in potential future spending beyond the initial $350,000.

Official summary

Authorizing a contract with HealthEquity, Inc, in the amount of $350,000, from Jan1, 2027, to Dec 31, 2028, with three (3)optional one (1) yearextensions, with a not to exceed amount of $200,000 for each annual extension, for flexible spending account and transportation benefit administration services.

Read the official record for 2026-01164

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