News-to-Use

Question of the Week

Q.- My child is turning age 26. May I still be reimbursed for his expenses through my health flexible spending account plan?
READ MORE

Question of the Week

Q.- May I be reimbursed from my health FSA for the amount I spend for buying masks?
READ MORE

FSA Reimbursements After Termination

A recent IRS information letter confirms that a participant should elect COBRA continuation coverage, if offered, to get reimbursed from a health FSA for expenses ...
READ MORE

Question of the Week

Q.- We have an employee who wants to stop making contributions to her Dependent Care FSA now. She asked if she can start contributions again in the fall if she decides ...
READ MORE

Substantiation for FSA Debit Cards

A recent IRS Information letter confirms that a health flexible spending account program with a debit card feature must apply proper substantiation processes.
READ MORE

Question of the Week

Q.- Can participants in a health FSA be reimbursed for the cost of sunscreen?
READ MORE

Question of the Week

Q.- May I get reimbursed for the cost of my son’s summer camp from my Dependent Day Care FSA?
READ MORE

Direct Deposit for FSA Reimbursements

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.- An employee submitted a claim for therapy for her mental state due to problems in her marriage due to the pandemic. Is this expense eligible for reimbursement from ...
READ MORE

Dependent Care FSA Tax Consequences

The tax uncertainty of recent changes to dependent care flexible spending account plans has been addressed by the IRS.
READ MORE