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Some flexible spending account (FSA) participants have the unfortunate experience of forfeiting, or losing, unused funds from their Health Care FSA and/or Dependent Care FSA because they don’t understand their plan provisions. It is important for everyone involved in FSAs to understand which plan provisions provide time to file claims after the end of the plan year, such as runout, and when the plan includes optional features that provide more time to incur expenses, such as grace period and ro...
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Categories: Benefits in General, Health Care Reform, Compliance | Tags: Health Care FSA , Dependent Care FSA , Runout , Grace Period , Rollover , HSA eligibility , COVID Relief , 2020-29

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