Another type of FSA is adependent-care flexible spending account, which is used to pay for child-care expenses for children age 12 and under and also can be used to pay for the care of qualifying adults, including a spouse, who can't care for themselves and meet specific Internal Revenue...
If you want to understand more about the Lifestyle Spending Account (LSA), here are some of the most frequently asked questions: What is a LSA? An LSA is a benefit provided by your employer to help support your everyday needs that may not otherwise be covered by traditional benefits. With...
While the grace period under a Flexible Spending Account (FSA) offers valuable extensions and benefits, it is important to consider the potential drawbacks associated with this provision. Understanding the limitations of the grace period is crucial for individuals seeking to make informed decisions regar...
When you open your account, you might receive a debit card to use with it. This is the easiest way to use your FSA or reimbursement account – just present the debit card when paying for services or use it to pay for eligible items at a store or online. The card takes the money dir...
Some of its provisions are in full force and effect and have become familiar to us. This article focuses on some unique aspects of the law specifically applicable to account-based health plans.McLeeseKarenR.Benefits Law Journal
A Lifestyle Spending Account (LSA) is funded by employers to cover a broad range of wellness and personal development expenses, potentially taxable to the employee. On the other hand, a Health Savings Account (HSA) is a tax-advantaged account for those with high-deductible health plans, funde...
you can continue your contributions plus a 2 percent administrative charge to keep the plan active. In cases where you still have some time to use your flex spending account after you leave your job, that's the time to take advantage of it -- buy new eyeglasses, fill your prescriptions ...
What is a checking account? A checking account is a type of bank account primarily used for daily transactions. When you put money in the bank or credit union for the first time, this is usually the type of account you’ll open. You might use it for buying groceries, paying bills, or...
An alternative to factoring is to establish a line of credit for your business. You can draw on this line of credit while you wait to collect payments. You’ll pay your bank interest for the money that you have borrowed from your line of credit and potentially some additional fees to keep...
Management console. For example, you can control access to invoices and detailed information about charges and account activity, budgets, payment methods, and credits. IAM is a feature of your AWS account. You don't need to do anything else to sign up for IAM and there's no charge to ...