News-to-Use

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

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 ...

As we move into the fall, and particularly as companies begin to rethink their operations and benefit packages in light of COVID-19 and what may become a new normal, ...

Q.- An employee missed the claims submission deadline for our health FSA. He now wants to be reimbursed for an expense he incurred during the plan year but forgot to ...

Q.- Are all-natural homeopathic products eligible for reimbursement from a health flexible spending account plan?

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’ve been in front of my computer a lot and my eyes are bothering me. I am going to buy non-prescription blue light glasses. Will the cost be 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 ...

BAS gives you the ability to make your employees happy with easy flexible spending account claim submission and timely & accurate claim processing.

The IRS issued an Information Letter confirming that sponsors of flexible spending account plans have discretion to set their own claim submission timing deadlines.