Flex Administrators, Inc. is a TPA located in West Michigan which provides FSA, HSA, COBRA and HRA administration for any size client.
Grace periods are applicable to both health FSAs and dependent care FSAs. The period begins the day following the end of the plan year and normally lasts 2.5 months, until March 15. Key Takeaways Some flexible spending accounts (FSAs) offer grace periods. The employer sponsoring the plan de...
In 2021, you can contribute a maximum of$2,750to an individual FSA account and$5,000to a dependent care FSA. Where can FSA dollars be spent? You may be given aflexible spending card(also called a flex card), which can be used at pharmacies, doctors’ offices and online retailers forF...
Does flex spending cover retainers? FSA accounts are specialized accounts that allow you to put money aside for certain out of pocket healthcare expenses without being taxed on the money, and this includes gettingretainers. ... Most FSA accounts will accept an invoice from SportingSmiles.com for...
FSAstands for aflexible spending account, also known as a cafeteria plan or a flex plan. With this account, an employee can set aside a certain amount of their income to pay for expenses such asmedical care. They do not need to pay income tax on the money covered by the FSA, but the...
Ameriflex is one of the nation’s leading providers of employee benefits, including FSAs, HSAs, HRAs and other tax-advantaged accounts.
However, a dependent with agross incomeabove $4,400, files a joint return, or can be claimed as a dependent on someone else's return is not eligible.1 If the plan is designated as a Dependent Care FSA to cover the cost of child or dependent care, participants cannot use the plan to...
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The $500 Health Care FSA Carryover Making Your FSA Go Further The Internal Revenue Service (IRS) permits employers to offer a "carryover" of up to $500 in Health Care FSA Plans, allowing unspent FSA money to roll into future plan years. If your employer has chosen to add this feature ...