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How to Be Smart About FSA Spending

Benefit Resource Inc.

We think it’s pretty obvious, but we LOVE Flexible Spending Accounts (FSAs). With roughly 160 Flexible Spending Account (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all! Day camps can include anything from sports camps to STEM camps.

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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. While flexible spending accounts are typically associated with medical costs there are a couple of different types of FSAs. Wherever you fall, we have answers for you. Healthcare FSA.

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Agencies Issue Additional Guidance Regarding Over-the-Counter COVID-19 Test Coverage

Benefits Notes

Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or health insurance issuer directly, or any other entity on behalf of the plan. Guidance Related to the $12 Safe Harbor. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.

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FSA receipt requirements: What you need to document

Business Management Daily

Flexible spending accounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. Requirements for retail purchases made on the card issued by an FSA provider may be a bit less stringent.

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It’s National Sunglasses Day

Benefit Resource Inc.

Two of the most common accounts are a Health Savings Account (HSA) and a Flexible Spending Account (FSA). Other eye drops can be purchased over-the-counter at local or national retailers. There are a variety of different plans and accounts available. Eye drops can be a tricky subject when talking about what is eligible.

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There’s More! Tri-Agencies Provide Clarifying Guidance on Group Health Plan Coverage of Over-the-Counter At-Home COVID-19 Tests

Proskauer's Employee Benefits & Executive Compensa

Under this limited non-enforcement policy, plans could, under certain circumstances, limit the amount reimbursed for at-home COVID-19 tests obtained from non-network retailers to the lesser of $12 per test or the actual test cost.

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Best practices to avoid receipt requests

Benefit Resource Inc.

This is typically your larger retailers and pharmacy chains that sell a broad range of products and services. Use your card at IIAS merchants We briefly touched on this in our first post, noting that you will almost never receive a request for substantiation after making a purchase at an IIAS merchant. Click here for a list of merchants.