News-to-Use

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 ...

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?

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

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 ...

Q.- We sponsor a health flexible spending account plan that runs 7/1 through 6/30. We added a grace period to the 2019 plan year to allow expenses to be incurred through ...

As we move into the fall, and particularly as companies begin to rethink their operations and benefit packages in light of COVID-19 and what may become a new normal, ...

Q.- I know the IRS issued a rule this year that allows health flexible spending accounts to reimburse over-the-counter drugs without requiring a prescription. Does this ...

Q.- Can the cost of COVID-19 testing be reimbursed from a health FSA?

Q.- We are gathering data for our health FSA nondiscrimination testing. Is it true that we will need information for all of our employees, not just for those ...

The FSA eligible expense table is a popular resource in MyEnroll360. A health care flexible spending account plan must reimburse only medical expenses. The MyEnroll360 ...