Department of Education Awarded a Contract to HEALTHEQUITY, INC. for $23,047.20

Summary of Award

The US federal government awarded a contract to HealthEquity, Inc. for FY 25 FSAFEDS contributions with a total obligation of $23,047.20. The contract was signed on April 2, 2025, and falls under the category of delivery order. The contract was awarded by the Office of Personnel Management, specifically the Office of Personnel Management, with the Department of Education serving as the funding agency.

HealthEquity, Inc. is a U.S.-owned business based in Draper, Utah, specializing in support management services in the banking sector. The company operates at 15 W Scenic Pointe Dr Ste 100, Draper, Utah, and has been designated as a corporate entity not tax-exempt. The contract with the federal government was subject to full and open competition, with only one offer received.

The contract with HealthEquity, Inc. is for the provision of pharmacy benefit management and other third-party administration of insurance and pension funds, as indicated by the product or service code R711 and NAICS code 524292. The contract is a firm-fixed-price contract with no preference used in the evaluation process. It is not part of a multi-year contract and does not involve the use of a purchase card as a payment method. The contract performance period spans from January 1, 2025, to December 31, 2025, with the last modification made on April 2, 2025. The contract does not involve any subcontracting plan, and the recipient, HealthEquity, Inc., has not provided any executive details related to the contract. The transaction related to the contract took place on April 2, 2025, with an award ID of 91996025F0018. The transaction amount was $23,047.20, and no subsidy cost was incurred. The transaction was issued on January 1, 2025, and no loan value was associated with it. The contract modification number was 0, and the recipient of the transaction was HealthEquity, Inc. In summary, the awarded contract between the US federal government and HealthEquity, Inc. for FY 25 FSAFEDS contributions involves the provision of support management services in the banking sector. The contract is a firm-fixed-price contract awarded through full and open competition, with HealthEquity, Inc. being the sole recipient of the contract. The total obligation under the contract is $23,047.20, with the contract performance period ending on December 31, 2025.