Flexible Spending Accounts
- What is a Flex, FSA or Cafeteria Plan?
- What does the IRS mean by an Inventory Information Approval System (IIAS)?
- Who is eligible to participate?
- How will a Flex Plan benefit me?
- What medical expenses are covered under a Flex plan?
- What over-the-counter items are allowed?
- Am I better off using a Dependent Care Reimbursement Account or taking the dependent care credit on my tax return?
- Can I change my elections during the plan year?
- How do I enroll?
- What happens if I do not return my Election Form?
- What are the maximum elections allowed under the plan?
- How often are claims processed?
- What happens with the money left in my account at the end of the plan year?
- Are there any ineligible employees?