Office of Personnel Management Awarded a Contract to HEALTHEQUITY, INC. for $21,999,487.58

Q: Where is HEALTHEQUITY, INC. located?

15, WEST SCENIC POINTE DRIVE DRAPER UTAH UNITED STATES

Signed on

3/10/2026, 12:00 AM

HEALTHEQUITY, INC. Government Contract #24362526F0009

HEALTHEQUITY, INC. was awarded a contract with the United States Government for $21,999,487.58. The contract was awarded by the agency office OPM DELEGATED PROCUREMENT OFFICES, which is a division with the Office of Personnel Management within the Office of Personnel Management.

Summary of Award

The recipient of the federal contract is HealthEquity, Inc., a U.S.-owned business based in Utah. The contract, funded by the Office of Personnel Management, is for offsetting administrative fees for the FSAFEDS program in 2026, with a total value of $21,999,487.58. One main transaction of $21,999,487.58 was made on March 10, 2026, as part of this contract.

Contract Details

Contract ID24362526F0009

Contract TypeC

Total Obligation$21,999,487.58

Exercised Options$21,999,487.58

Base Amount + Options$21,999,487.58

Date Signed2026-03-10

Contract DescriptionTHIS TASK ORDER IS ISSUED TO OFFSET (BUYDOWN) PART OF THE ADMINISTRATIVE FEE CHARGED TO AGENCIES FOR BENEFIT YEAR 2026 WITH FUNDING FROM OPM'S RISK RESERVE ACCOUNT. FOR BENEFIT YEAR 2026, OPM WILL REDUCE THE FSAFEDS ADMINISTRATIVE FEE CHARGED TO

Start Date2026-01-01

End Date2026-12-31

Agency Details

Awarding AgencyOffice of Personnel Management

Awarding Sub AgencyOffice of Personnel Management

Awarding OfficeOPM DELEGATED PROCUREMENT OFFICES

Funding AgencyOffice of Personnel Management

Funding Sub AgencyOffice of Personnel Management

Funding OfficeHEALTHCARE INSURANCE OPERATIONS

Recipient Details

RecipientHEALTHEQUITY, INC.

Recipient Location15, WEST SCENIC POINTE DRIVE DRAPER UTAH, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #0 | $21,999,487.58March 10, 2026

Office of Personnel Management, a sub agency of Office of Personnel Management, issued a payment of $21,999,487.58 to HEALTHEQUITY, INC.. The payment included a Subsidy Cost of $0.00.