Questions about your benefits? Contact your HR administrator.

FSA / HRA / HSA

Question of the Week - FSA Reimbursements and LTC Premiums

Q.- Can Long Term Care premiums be reimbursed from a health flexible spending account?

1 min read By BAS
Professional business scene — Office Professional — benefits administration context

Q.- Can Long Term Care premiums be reimbursed from a health flexible spending account?

A.- No. Long Term Care premiums are not an eligible health FSA expense. They may be eligible for reimbursement from an HSA, but not an FSA.

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
Question of the Week FSA

Benefits Administration Updates

Receive Benefits Administration Updates from BAS

Practical compliance and administration guidance delivered directly to your inbox. Unsubscribe anytime.