Question of the Week
- BAS
- 26.05.2022
- Dependent Day Care FSA
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 ...
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Question of the Week
- BAS
- 12.05.2022
- Dependent Day Care FSA
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 ...
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Medical Care and Medical Necessity
- BAS
- 12.05.2022
- HR & Benefits Compliance
The IRS issued an information letter confirming that flexible spending account expenses must be for medical care in order to be eligible for reimbursement.
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Question of the Week
- BAS
- 05.05.2022
- Dependent Day Care FSA
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 ...
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Nondiscrimination Testing for FSAs
- BAS
- 10.02.2022
- Dependent Day Care FSA
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 ...
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FSA Reimbursement Direct Deposits
- BAS
- 09.12.2021
- MyEnroll360 Feature
Employers should encourage employees to set up direct deposit for flexible spending account reimbursements as part of end-of-year communications.
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Health Savings Accounts and High Deductible Health Plans
- BAS
- 02.12.2021
- HR & Benefits Compliance
More and more employers are offering employees a High Deductible Health Plan (HDHP) medical plan option, with or without a health savings account. Employees may have ...
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2022 Tax Year FSA Limits
- BAS
- 12.11.2021
- HR & Benefits Compliance
The Internal Revenue Service announced 2022 tax year annual inflation adjustments in Revenue Procedure 2021-45. Sponsors of calendar-year health flexible spending ...
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Question of the Week
- BAS
- 28.10.2021
- Dependent Day Care FSA
Q.- An employee is enrolled in our Dependent Care FSA. Her husband just quit his job and is now going to take care of their children after school. May we let our ...
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Question of the Week
- BAS
- 30.09.2021
- Eligibility & Enrollment
Q.- My child is turning age 26. May I still be reimbursed for his expenses through my health flexible spending account plan?
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