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What options do cobra offer to an employee who has left a company where they were participating in a flexible spending account?
Wiki User
∙ 14y ago
Cobra does not cover FSA's. You will be allowed to continue with the medical plan but the FSA is lost with the job.
Wiki User
∙ 14y ago
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Can you have an Flexible spending account if you are on Medicare?
yes
Is the cost of my spouse's insurance premium reimbursable through my flexible spending account?
Yeah, the cost simply reimbursable through your flexible spending account. I guess that that's just reality
Where does one learn more about the benefits of having a flexible spending account?
You can find out about the benefits of having a flexible spending account anywhere on the Internet. You can get good information on FinancialPlan. They tell you all the things about saving and budgeting.
Which type of health insurance plan has a use-it-or-lose-it feature?
flexible spending account
What can I spend with my flexible spending account?
You can only pay for medical expenses with your flexible spending account. You can pay for x-rays, prescriptions, doctors visits, hospital visits, and eye visits. Your company should have a list of all eligible expenses.
Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
Flexible spending account where does the leftover money go if you don't spend it?
The plan administrator gets it.
What do the employee benefits consist of?
It depends on the employer and the size of the company.The benefits can include medical and dental insurance,life insurance,disability insurance,tuition reimbursement,flexible medical spending account,401k and paid vacation days.
Must an employer offer Flexible spending account?
No, employers are not required to offer a Flexible Spending Account (FSA) to their employees. However, offering an FSA is a benefit that some employers choose to provide to help employees set aside pre-tax dollars for certain eligible expenses like medical or dependent care.
What happens when an employee quits before making all their contributions to a Flexible Spending Account?
See Publication 969. You must be able to receive the maximum amount you have elected to contribute at any time. If you have received more than you contributed the Employer can not recover it from the Employee. They are "at risk" for the full amount you "elected to contribute" at the beginning of the year.
Is it possible to get an individual Flexible Spending Account FSA as an independent contractor 1099?
An independent contractor can get a Flexible Spending Account (FSA) if they meet the qualifications to have an FSA. They must be covered under a high deductible health insurance plan and have no other health coverage. They can not be enrolled in Medicare or be claimed as a dependent on anyone's taxes.
What banks offer flexible spending accounts?
Flexible spending account is one of the benefits offered by US Bank catering for one's healthcare payment. It is one way of reaping tax savings and helping individuals come up with smarter decisions to stay healthy.
