News-to-Use

FSA Eligible Expenses Resource

Employers who use BAS for flexible spending account services may offer their employees BAS’ tool for determining if an expense is eligible for reimbursement from an FSA. ...
READ MORE

FSA Claim Reimbursement Direct Deposit

Benefit Allocation Systems provides easy and accurate flexible spending account plan services. Employees who participate in an employer’s FSA serviced by BAS should know ...
READ MORE

Question of the Week

Q.- Can we offer a health flexible spending account plan to only executive employees?
READ MORE

Day Camp and Child Care Expenses

Many parents find care for their children when school is not in session. Day camp is a popular option for summer break. The cost of day camp for a child under age 13 may ...
READ MORE

Question of the Week

Q.- An employee just learned he needs a significant amount of dental work next month. He wants to put more money into his health FSA to pay for the expense. May we allow ...
READ MORE

Question of the Week

Q.- We have a calendar year health FSA with a grace period for incurring claims. An employee has a balance in his FSA for the 2021 plan year but did not elect to ...
READ MORE

Medical Care and Medical Necessity

The IRS issued an information letter confirming that flexible spending account expenses must be for medical care in order to be eligible for reimbursement.
READ MORE

Question of the Week

Q.- We have an employee who is participating in the Dependent Care FSA. He made a $5,000 election for the year. His child turns 13 on June 15, 2022 and he wants to ...
READ MORE

Nondiscrimination Testing for FSAs

Health care flexible spending account plans (HFSA) and dependent day care flexible spending account plans (DFSA) must not discriminate in favor of highly paid or key ...
READ MORE

FSA Reimbursement Direct Deposits

Employers should encourage employees to set up direct deposit for flexible spending account reimbursements as part of end-of-year communications.
READ MORE