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Question of the Week - Nondiscrimination Testing for FSA

Q.- When should we perform nondiscrimination testing for our flexible spending account plans?

1 min read By BAS
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Test results in 48-hours*!Starting @ $288/yr.

Q.- When should we perform nondiscrimination testing for our flexible spending account plans?

A.- Ideally, testing should be performed before the plan year ends so you can make any needed adjustments to contributions during the year and do not have to wait until after the year ends to recognize amounts in your employees’ income.

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.

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Question of the Week FSA

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