Department of Homeland Security Awarded a Contract to HEALTHEQUITY, INC. for $84,732.00

Summary of Award

The US federal government awarded a contract to HealthEquity, Inc. for administrative services related to the Federal Flexible Spending Account (FSAFEDS). The contract, with a total obligation of $84,732, was signed on April 2, 2025. The contract falls under the category of delivery order and is non-covered per section 2(D) of the Department of Government Ethics Executive Order dated February 26, 2025.

The contract was awarded by the Office of Personnel Management, specifically the USCIS Contracting Office. The contract falls under the GWAC (Government-Wide Acquisition Contract) category and was subject to full and open competition. Only one offer was received for the contract, and it was not set aside for small businesses. The product or service code for the contract is R711, which corresponds to support-management services in banking.

HealthEquity, Inc. is a U.S.-owned business based in Draper, Utah. The company is not designated as a small business and falls under the category of corporate entity not tax-exempt. The contract performance location is in Camp Springs, Maryland, with a period of performance from January 1, 2025, to December 31, 2025. The contract is for the support and management of banking services, falling under the Finance and Insurance industry sector. The specific NAICS code for the contract is 524292, which pertains to the third-party administration of insurance and pension funds. Overall, the contract between the US federal government and HealthEquity, Inc. involves the provision of administrative services for the Federal Flexible Spending Account program, with a total obligation of $84,732.