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 - HSA Requirements
Q.- We are offering a High Deductible Health Plan with an HSA. What are the requirements for an employee to participate in the HSA?
Q.- We are offering a High Deductible Health Plan with an HSA. What are the requirements for an employee to participate in the HSA?
A.- To contribute to an HSA, an employee must satisfy the following requirements:
- Be covered under a high deductible health plan (HDHP)
- Not be enrolled in Medicare
- Not be claimed as a dependent on someone else’s tax return
- Not have any other health coverage. This means No other coverage besides the HDHP
- No participation in a health FSA (exception for a limited-purpose health FSA)
- Spouse cannot participate in a health FSA (exception for a limited-purpose health FSA)
- No carryover from participating in a FSA (exception for a limited-purpose health FSA)
- Spouse cannot have a carryover from a prior year’s health FSA (exception for a limited-purpose health FSA)
- No participation in an HRA
- Spouse cannot participate in an HRA
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.