What happens if I incur eligible expenses before my FSA coverage starts? Can I be reimbursed for expenses incurred in a previous plan year?
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what is fsa Informational
- How does an MSA compare to an FSA and HSA?
- How can employers ensure they are meeting their FSA compliance obligations? What are the record retention requirements for FSA-related documents for employers?
- What about changes in dependent eligibility?
- What are some cautionary tales or common pitfalls to avoid when using an FSA? How can I determine if an FSA is a worthwhile benefit for me?
- Should I contribute the maximum allowed to my FSA each year? What are the potential risks of contributing too much to my FSA?
- How do the IRS rules for dependents align with FSA eligibility rules? Can I use my FSA to reimburse expenses incurred by a child who is no longer considered a dependent?
- What documentation is typically required for these claims? What are the rules regarding reimbursement for sunscreen under an FSA?
- How does having an FSA affect my eligibility for other tax-advantaged accounts? What are the income tax implications of FSA contributions and reimbursements at the federal level?
- Are there any state-specific regulations regarding FSAs?
- How does an FSA fit into a cafeteria plan?
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