article thumbnail

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.

Retail 52
article thumbnail

FSA eligible expenses — what purchases count?

Business Management Daily

Amazon and other retailers often note which items are FSA eligible on their online stores and allow you to specifically search for FSA eligible items to make it easier for employees to spend their FSA balance. They may also divide the unused fund among all employees enrolled in the FSA plan.