title
PROPOSED CONTRACT AMENDMENT
Department(s): Department of Risk Management
Vendor: Optum Financial, Inc.
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Healthcare Flexible Spending Account Administration (HFSA), Dependent Care Flexible Spending Administration (DFSA) and Commuter Benefits
Original Contract Period: 12/1/2022 - 11/30/2025, with two, two-year renewal options
Proposed Amendment Type: Renewal and increase
Proposed Contract Period: Renewal period 12/1/2025 - 11/30/2027
Total Current Contract Amount Authority: $492,723.00
Original Approval (Board or Procurement): Board approval, 9/22/2022
Increase Requested: $361,218.00
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Contract Utilization: The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via: Full MWBE waiver.
Potential Fiscal Impact: FY 2026 $180,609.00, FY 2027 $180,609.00
Accounts: 11100.1499.13385.580452.00000.00000
Contract Number(s): 2105-08123
Summary: This contract makes available certain voluntary benefits to Cook County employees including Healthcare Flexible Spending Account Administration (HFSA), Dependent Care Flexible Spending Administration (DFSA) and Commuter Benefits.
This contract was awarded through a publicly advertised Request for Proposals (RFP) process in accordance with the Cook County Procurement Code. Optum Financial, Inc. was selected based on established evaluation criteria.
end