Articles Under the Tag: FSA

If you’ve experienced a decrease in FSA expenses as a result of the COVID-19 pandemic, you may be wondering what will happen to your funds.

The Internal Revenue Code (IRC) allows participants to reduce their taxable income by participating in a Healthcare Flexible Spending Account (HCFSA).

The CARES Act allows over-the-counter drugs and medicines to be reimbursed by FSAs, HRAs, and HSAs without a prescription, as well menstrual products.

When your employment ends, whether it was voluntary or not, access to your HCFSA also ends unless you’re eligible to continue coverage through COBRA.

Often, simple oversights or misunderstandings can result in claim denials for your Flexible Spending Account.

HCFSAs can be a great way to help employees pay for covered medical expenses. But what happens if they don’t use all their funds by the plan year end?

The rules surrounding Flexible Spending Accounts (FSAs) can be complex. Here are some of the most common rules to know.

Learn how offering an HCFSA or an HSA can help employees navigate qualified medical out-of-pocket expenses.

It’s important to make sure your benefits package reflects the needs of your changing workforce to encourage participation and stay competitive.

An American Fidelity Benefits Debit Card provides a convenient way to access reimbursement account funds.

To help your employees understand how the plan works and best utilize their accounts, consider these tips.

Providing documentation is one of the most common points of confusion and frustration for FSA and HRA participants.