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.- Last year, we amended our health FSA to allow reimbursements of menstrual products and over-the-counter drugs without a prescription. Was this allowed just for the ...

The IRS announced that amounts paid for personal protective equipment such as masks, hand sanitizer and sanitizing wipes for the primary purpose of preventing the spread ...

The IRS issued Notice 2021-15 providing operational guidance for recent permitted FSA changes. This Notice clarifies the temporary, special rules for health flexible ...

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 asked if the cost of a mail-in ancestry test he just purchased is eligible for reimbursement from his health FSA. Is it?

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 ...

The Congressional Research Service released a report on child and dependent care tax credits explaining how they work and who receives them. There are two separate tax ...

Q.- We have an employee who is enrolled in Medicare and is participating in our health FSA. Can he be reimbursed from the Health FSA for his Medicare premiums?

The Consolidated Appropriations Act of 2021 (Stimulus Bill) passed at the end of last year allows flexible spending account plans to temporarily change their design to ...