Remove categories fsa
article thumbnail

How does an FSA work for participants?

WEX Inc.

A flexible spending account (FSA) allows participants to save money by setting aside pre-tax dollars to pay for eligible medical, dental , vision and dependent care expenses incurred by you, your spouse, or your eligible dependents. Or check out this episode of Benefits Buzz to learn eight things you should know about medical FSAs.

article thumbnail

When must SPDs be Provided?

FLEX

medical, dental, vision, HRA, FSA) to provide a Summary Plan Description (SPD) to plan participants at certain times. Category: Employers Producers Individuals The Employee Retirement Income Security Act of 1974 (ERISA) requires plan sponsors of health and welfare benefit plans (e.g.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FSA eligible expenses — what purchases count?

Business Management Daily

Open enrollment is underway for many companies right now and one benefits offering that may be on the menu this year is an FSA. Employers are constantly looking for ways to remain competitive in their benefits offerings, and an FSA is a great add-on to your benefits package. Types of FSA Plans. Healthcare FSA.

article thumbnail

Personal Protective Equipment is now an Eligible Expense for FSAs, HRAs, and HSAs

FLEX

The Internal Revenue Service (IRS) recently published Announcement 2021-7 which indicates Personal Protective Equipment (PPE), such as masks, hand sanitizer, and sanitizing wipes, may be reimbursed under a Flexible Spending Account (FSA), Health Reimbursement Arrangement (HRA), or a Health Savings Account (HSA).

88
article thumbnail

Benefit Resource Named 2024 ADP Marketplace Partner of the Year

Benefit Resource Inc.

The annual awards program developed by ADP, a leading global technology company providing human capital management (HCM) solutions, recognizes strong ADP Marketplace partner performance across multiple award categories.

ADP 52
article thumbnail

Looking for a Better Benefits Administrator?

FLEX

When’s the last time your FSA or HRA administrator exceeded your expectations? Category: Employers Producers Are you tired of dealing with claims issues, customer service let-downs, and unhappy employees? You need a better benefits administrator.

article thumbnail

Do Your Employees Understand Qualifying Life Events?

Benefit Resource Inc.

Let’s take a look at several situations that might fall in the “other” category and cause employees some confusion. One recommendation for employees welcoming a new member to the family is a Dependent Care FSA. increasing their Medical FSA and/or Dependent Care FSA). changing jobs). Does it qualify?