News-to-Use

Question of the Week

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 ...
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6 Benefits of Flexible Spending Accounts

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, ...
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Question of the Week

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 ...
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Question of the Week

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

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 ...
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FSA Eligible Expense List in MyEnroll360

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 ...
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Question of the Week

Q.- An employee’s dentist offers a dental insurance discount plan for $100 per year. Can the $100 for the plan be reimbursed from the Health FSA?
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Question of the Week

Q.- Can an employee in our health FSA get reimbursed for a medical expense incurred by his grandson?
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U.S. House Tax Bill Proposes Changes to FSAs

Last week, the House Committee on Ways and Means released a tax reform bill, entitled the Tax Cuts and Jobs Act. The bill focuses on changes to corporate and individual ...
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Question of the Week

Q.- Our Health FSA has the $500 carryover feature. We have an employee who contributed $2,000 to his health FSA this year because he thought his son was getting braces ...
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