Tag: FSA

FSA

IRS Confirms Health FSAs Cannot Reimburse Medicare and Insurance Premiums

One key difference between health savings accounts (HSAs) and health flexible spending accounts (FSAs) is that in some circumstances HSAs can reimburse Medicare and other insurance premiums; health FSAs cannot. Recent guidance from the Internal Revenue Service (IRS) in Information Letter 2017-0004 confirmed this fact.

hole

Is Your Cafeteria Plan Document Full of Plot Holes?

Unlike summer blockbuster movies with a large cast of key characters, benefit plan documentation has just three: the plan document under the Employee Retirement Income Security Act (ERISA), the summary plan description (SPD), and the Internal Revenue Code Section 125 cafeteria plan document.

FSA

Flexible Spending Accounts (FSAs): 2 Exceptions to ‘Use-It-or-Lose-It’

Generally speaking, money contributed to a health flexible spending account (FSA) in any plan year can be used only to reim­burse qualified expenses incurred during that year; money not used to reimburse eligible medical expenses incurred during the plan year is forfeited.

IRS Issues Employee Reminder on FSAs

The Internal Revenue Service is passing along a reminder to eligible employees that now is the time to begin planning to take full advantage of their employer’s health flexible spending arrangement (FSA) during 2017.

health

CDHP 101

What is a Consumer Directed Health Plan (CDHP)? And how does a CDHP impact employers?

Ask the Expert: Can We Require Employee to Reimburse FSA?

We have an employee that used more than contributed in her FSA while she was on a FMLA then personal leave. The plan year is over. The employee is now back. Can we ask her to contribute the balance at this point? I know we can’t make this request upon a termination but what about […]