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FSA receipt requirements: What you need to document

Business Management Daily

While FSA funds are deducted by the employer during payroll , the benefits vendor administering the FSA is responsible for verifying the receipts rather than the employee. Requirements for retail purchases made on the card issued by an FSA provider may be a bit less stringent. Health care provider’s name. Date of service.

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FSA eligible expenses — what purchases count?

Business Management Daily

Many employees are coming to the end of the year and realizing that they still have a lot of money in their FSA accounts that they need to spend. They may also be questioning whether they have a need for an FSA and if so, how much they should choose to have deducted each month. Copays, co-insurance, and deductibles for medical care.