ACA Reporting
ACA Compliance Lessons Learned From Recent Reporting Seasons
Common themes emerge when reflecting on recent ACA reporting seasons that can help employers reduce administrative burdens and improve accuracy.
FSA / HRA / HSA
Question of the Week - Reimbursement from Health FSA
Whose expenses can be reimbursed from an employee’s Health FSA? A Health FSA may reimburse eligible expenses incurred by the employee, the employee’s...
**Q: **Whose expenses can be reimbursed from an employee’s Health FSA?
A: A Health FSA may reimburse eligible expenses incurred by the employee, the employee’s spouse, and the employee’s tax dependents, as defined under IRS rules. The individual does not need to be covered under the employer’s health plan, but must meet the applicable dependent eligibility criteria for the tax year in which the expense is incurred.
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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