Articles for: Flexible Spending Account
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 [...]
Key words: Debit Card,Flexible Spending Account,FSA
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 [...]
Key words: Flexible Spending Account,FSA
$2,500 Limit on Health FSAs begins in 2013
The Affordable Care Act set a statutory limit on the amount of salary deferrals allowed under a health Flexible Spending Account (FSA). The new limit of $2,500 is first effective [...]
Key words: 2500 limits,Flexible Spending Account,FSA
What expenses can be included in a Flexible Spending Account (FSA) plan?
There are many expenses that can be covered under a Flexible Spending Account (FSA). Some include: Medical expenses, such as orthodontics and chiropractic care, not included in employee health plans [...]
Key words: Flexible Spending Account,FSA
What Procedure do employees follow when using a Flexible Spending Account (FSA)?
Here is a set of sample steps to do when participating in a Flexible Spending Account (FSA): Estimate expenses for the plan year. Select the amount of pre-tax dollars to [...]
Key words: Flexible Spending Account,FSA