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.
Question of the Week
Question of the Week - Form 5500 filing for Health Plan
Q.- Last month we filed a Form 5500 for our retirement plan. The instructions mention “welfare plans.” Do we need to file a Form 5500 for our health plan?
Q.- Last month we filed a Form 5500 for our retirement plan. The instructions mention “welfare plans.” Do we need to file a Form 5500 for our health plan?
A.- A “welfare plan” must file Form 5500 if it has 100 or more participants at the beginning of the plan year or if it is funded by a trust (regardless of participant count). Examples of welfare plans include medical plans, dental plans and vision plans. A participant for filing purposes is someone actually enrolled in benefits (including active employees and COBRA participants) along with someone who is in a COBRA election period.
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.