Articles Under the Tag: LPFSA

Carryovers, grace periods, and runoff periods - what are the differences?
3 minute read
June 05, 2023
“Use or Lose!” – Deciphering the difference between carryover provisions, grace periods, and runoff periods

Understanding Limited Purpose FSAs
1 minute read
May 12, 2023
Did you know Limited Purpose Flexible Spending Accounts (LPFSAs) can help save you money and cover eligible dental and vision expenses?

2023 reimbursement limits and Social Security wage caps announced
3 minute read
November 07, 2022
The IRS has just announced 2023 reimbursement account limits and Social Security wage caps.

What to Do with Your HCFSA When Your Job Changes
6 minute read
April 01, 2020
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.

Top 5 Reimbursement Claim Denial Reasons
3 minute read
February 03, 2020
Often, simple oversights or misunderstandings can result in claim denials for your Flexible Spending Account.

What can employers do with unused FSA funds?
3 minute read
January 20, 2020
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?

FSA Mistakes to Avoid – Other Reimbursement Accounts
3 minute read
September 20, 2019
The rules surrounding Flexible Spending Accounts (FSAs) can be complex. Here are some of the most common rules to know.

Understanding FSA Benefits Debit Card Substantiation
5 minute read
May 14, 2019
An American Fidelity Benefits Debit Card provides a convenient way to access reimbursement account funds.

Why is documentation required for every FSA purchase?
3 minute read
January 17, 2019
Providing documentation is one of the most common points of confusion and frustration for FSA and HRA participants.