Nighttime Babysitting Expenses and FSA
Can I use my Dependent Care FSA to pay a babysitter while I attend Back-to-School Night?
COBRA Grace Period
What does a grace period mean for COBRA payments?
Q: What does a grace period mean for COBRA payments?
A: A COBRA grace period is the additional time a qualified beneficiary has to make a required premium payment without losing COBRA coverage. After the initial COBRA premium payment, plans generally must provide at least a 30-day grace period for each subsequent monthly premium. For example, if a monthly premium is due September 1, the individual generally has until September 30 to make the payment. Coverage may be held or appear inactive while payment is pending, but if the full premium is paid within the grace period, COBRA coverage continues according to the plan’s terms.
Benefit Allocation Systems (BAS) provides online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.
MyEnroll360 integrates with major insurance carriers for enrollment eligibility management (e.g., Blue Cross, Blue Shield, Aetna, United Health Care, Kaiser, CIGNA and others), and with leading payroll platforms for enrollment deduction management (e.g., Workday, ADP, Paylocity, PayCor, UKG, and others).
This article is for informational purposes only and is not intended as legal, tax, or benefits advice. Readers should not rely on this information for taking (or not taking) any action relating to employment, compliance, or benefits. Always consult with a qualified professional before making decisions based on this content.
Topics
DFSA and Private School Tuition
Can I use my Dependent Care FSA to pay for private school tuition?
FSA Forfeitures
How can we use amounts participants did not spend from their FSAs?