Archive by month: 2019-1Return
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The answer will be different depending upon if the employee has a cafeteria plan with run out, grace period or rollover. The employee is not eligible for an HSA if he/she has disqualifying coverage.
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Categories: Benefits in General, Compliance | Tags: HSA , Health Care FSA , Limited Health Care FSA , Health Savings Account Eligibility , Grace Period , Run out period , Rollover
As we ring in 2019, calendar year cafeteria plan have also started the new 2019 plan year. Employers might be wondering whether it is really too late to allow employees to make changes to or even revoke their flexible spending account (FSA) elections, especially if it is prior to the first payroll for the new plan year.
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Categories: Benefits in General, Compliance | Tags: FSA , Permitted Election Change , Irrevocable , Plan Year