News-to-Use

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

Test results in 48-hours*! Starting @ $288/yr. For pricing and more information, click here. Health care flexible spending account plans (HFSA) and dependent day care ...
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

Health Savings Accounts and High Deductible Health Plans

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 ...
READ MORE

2022 Tax Year FSA Limits

The Internal Revenue Service announced 2022 tax year annual inflation adjustments in Revenue Procedure 2021-45. Sponsors of calendar-year health flexible spending ...
READ MORE

Question of the Week

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 ...
READ MORE

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