News-to-Use

Substantiation of FSA Expenses

The IRS Chief Counsel office issued a memorandum addressing claims substantiation for medical and dependent day care flexible spending account expenses. According to the ...
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Question of the Week

Q.- A terminated employee’s spouse (not the former employee) is electing to continue health FSA coverage through COBRA. Can the former employee’s eligible expenses be ...
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Question of the Week

Q.- Can we charge our employees a fee for participating in our health FSA plan?
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Question of the Week

Q.- Allergies are bad this year and we have several employees asking if they can get reimbursed from their FSA for the cost of allergy medicine. They don’t have a ...
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Question of the Week

Q.- One of our FSA participants purchased a large amount of over-the-counter items. She wants to be reimbursed for 25 bottles of ibuprofen and 25 bottles of ...
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Direct Deposit for your FSA/HRA Reimbursements

Benefit Allocation Systems provides easy and accurate flexible spending account (FSA) and health reimbursement account (HRA) services. Employers that use BAS for ...
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Question of the Week

Q.- We had an employee ask us what happens to her health flexible spending account money if she isn’t able to use it all this year. What do we say?
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Question of the Week

Q.- An employee just told us he elected to participate in the dependent care FSA but actually meant to participate in the health care FSA. He does have a disabled child. ...
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Question of the Week

Q.- An employee is undergoing medical treatment and has to drive about 100 miles each week to get that treatment. He asked if he can use his Health FSA to pay for his ...
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Question of the Week

Q.- Are over the counter cold medicines eligible for reimbursement from a health flexible spending account plan?
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