Question of the Week

Posted by BAS - 08 October, 2020

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Q- Does COBRA have to be offered for a health flexible spending account plan?

A.- Yes, with some exceptions. COBRA continuation coverage does not have to be offered if the FSA is an excepted benefit plan and if the FSA is overspent (more reimbursed than contributed). For most FSA's a COBRA election has to be offered but only when the participant’s contributions to the FSA at the time of the qualifying event are greater than the reimbursements the participant has received at the time of the qualifying event.

Topics: COBRA, BAS News, Flexible Spending Accounts, HR & Benefit Plans, MyEnroll360 News


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