Clare Chambers

Ask Nyhart articles written by Clare:

• What expenses can be paid from a Flexible Spending Account?

  The expenses that can be paid from a Flexible Spending Account (FSA) can fall into two categories: health care and dependent care. Expenses paid from an FSA cannot be reimbursed [...]

• What are the W-2 reporting requirements for health FSAs?

  Beginning with the 2012 W-2 issued early in 2013, the reporting of employer contributions to health FSAs under a cafeteria plan will be required for any employer contribution to the [...]

• What is a substantiation and when are they necessary for an FSA?

  When using the debit card feature in your Flexible Spending Account (FSA), the employer sets up certain co-pays for prescriptions and office visits. This varies from company to company. If [...]

• What is a Debit Card Plan for an FSA?

  A feature in Flexible Spending Accounts is the debit card plan. Each employee is given a debit MasterCard that can be used to pay for their medical expenses without having [...]

• Who can benefit from Flexible Spending Accounts (FSA)?

  The employer and employees can both benefit from a Flexible Spending Account. The Flexible Spending Account allows the employer to offer a new benefit for their employees without a large [...]