Substantiation for FSA Debit Cards
- BAS
- 19.08.2021
- HR & Benefits Compliance
A recent IRS Information letter confirms that a health flexible spending account program with a debit card feature must apply proper substantiation processes.
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Question of the Week
- BAS
- 12.08.2021
- Dependent Day Care FSA
Q.- Can participants in a health FSA be reimbursed for the cost of sunscreen?
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Question of the Week
- BAS
- 29.07.2021
- Dependent Day Care FSA
Q.- May I get reimbursed for the cost of my son’s summer camp from my Dependent Day Care FSA?
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Direct Deposit for FSA Reimbursements
- BAS
- 22.07.2021
- MyEnroll360 Feature
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 ...
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Question of the Week
- BAS
- 20.05.2021
- Flexible Spending Accounts
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 ...
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Dependent Care FSA Tax Consequences
- BAS
- 13.05.2021
- Health Care Reform (ACA)
The tax uncertainty of recent changes to dependent care flexible spending account plans has been addressed by the IRS.
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Question of the Week
- BAS
- 08.04.2021
- Flexible Spending Accounts
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 ...
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Question of the Week
- BAS
- 01.04.2021
- BAS News
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 ...
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PPE and Health FSA/HRA
- BAS
- 01.04.2021
- HR & Benefits Compliance
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 ...
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IRS Guidance for Optional 125 Plan Changes
- BAS
- 25.03.2021
- HR & Benefits Compliance
The IRS issued Notice 2021-15 providing operational guidance for recent permitted FSA changes. This Notice clarifies the temporary, special rules for health flexible ...
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