News-to-Use

Q.- A participant wants to enroll in our health FSA now but he didn’t make an election to do so during our open enrollment for the plan year starting 1/1/2021. He told ...

Q.- An employee is having his daughter take online tutoring in the afternoon. He says that she is online so he is able to work. Is this expense eligible for ...

Q.- An employee is going to become a temporary foster parent for a child. Does this allow her to disenroll from our health FSA?

The IRS released plan contribution limits for 2021 which for the most part will not change from the 2020 limits. The Social Security Administration also released the ...

Q.- We sponsor a health flexible spending account plan that runs 7/1 through 6/30. We added a grace period to the 2019 plan year to allow expenses to be incurred through ...

Q.- I am organizing a “learning pod” for my third grader while his public school is having virtual schooling. Is the cost of the learning pod teacher eligible for ...

Q.- I know the IRS issued a rule this year that allows health flexible spending accounts to reimburse over-the-counter drugs without requiring a prescription. Does this ...

Q.- May we offer a carryover provision in our Dependent Care FSA like we do for our Health Care FSA?

1. Question: I am planning a romantic evening out with my wife for dinner February 14. The caregiver who watches our children during the day will be staying late to ...