FSA / HRA / HSA
FSA Reimbursement for Non-Covered Spouse
Health FSA funds may generally be used to reimburse eligible medical expenses for a spouse or qualifying dependents even if they are not enrolled in the employer's health plan.
FSA / HRA / HSA
Question of the Week - End of Year Suggestions for Health FSA Funds
Q: What are some end of year suggestions for employees who still have funds in their health FSA?
Q: What are some end of year suggestions for employees who still have funds in their health FSA?
A: Health FSAs do not allow employees to stockpile items, but there are several smart ways to use remaining funds before the plan year ends. Employees can schedule routine or preventive care appointments, purchase eligible over-the-counter items such as bandages, sunscreen, thermometers and many common medicines, refill prescriptions, or update glasses or contact lenses. If your plan offers a carryover or grace period, remind employees that these features provide extra time or allow a small balance to move into the next plan year, but unused amounts above those limits are forfeited. Encouraging employees to review their current balance and plan upcoming expenses now can help them make the most of their FSA dollars.
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
COBRA
COBRA Offering to Retirees
When a covered employee becomes entitled to Medicare before retiring, a covered spouse may receive up to 36 months of COBRA continuation from the date of Medicare entitlement.
COBRA
COBRA Offering to Retirees
When a covered employee becomes entitled to Medicare before retirement, the spouse may be eligible for up to 36 months of COBRA continuation coverage.