Aflexible spending account (FSA)is an employer-sponsored savings account that lets employees set aside pretax funds for qualified medical expenses. It can help the account holder save money at tax time, especially because the list of allowable expenses that can be paid for with FSA funds has ...
Can amounts mistakenly paid to the participant be offset from another allowable claim? Common Mistake #2: Improper reimbursement – error found before year-end Generally speaking, when an error is discovered during the same plan year that an expense was improperly reimbursed, the process is fairl...