COBRA Grace Period
What does a grace period mean for COBRA payments?
Expense Not Covered by the Health Plan
Can a Health FSA reimburse an expense that insurance doesn't cover?
Q: Can a Health FSA reimburse an expense that insurance doesn’t cover?
A: Potentially. An expense does not have to be covered by the employee’s health insurance to qualify for FSA reimbursement. It must be an eligible medical expense, eligible under the terms of the FSA, properly documented and cannot have been reimbursed from another source.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
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