News-to-Use

Question of the Week

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

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?
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Question of the Week

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 ...
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Child and Dependent Care

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 ...
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Question of the Week

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?
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Temporary FSA Changes Permitted for Plan Years Ending in 2020 and 2021

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 ...
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New Flexible Spending Account Changes in Stimulus Bill

The Stimulus Bill (Consolidated Appropriations Act of 2021) passed by the U.S. Senate and House of Representatives on December 21, 2020 gives flexible spending account ...
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Use that FSA!

Many employees who participate in a health flexible spending account plan wait until the end of the plan year to use their funds. While participants generally have a ...
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Question of the Week

Q.- An employee is going to become a temporary foster parent for a child. Does this allow her to disenroll from our health FSA?
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Plan Contribution Limits for 2021

The IRS released plan contribution limits for 2021 which for the most part will not change from the 2020 limits. The Social Security Administration also released the ...
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