IRA Posted April 3, 2014 Report Share Posted April 3, 2014 Our client has 10/1 - 09/30 fiscal year. Their insurance policies renew 10/1, but they want to operate the FSA on a calendar year. Can we write the plan so that the coverage period for pre-tax health insurance will be 10/1 - 09/30 but the coverage period for the FSA will be the calendar year? Link to comment Share on other sites More sharing options...
KJohnson Posted April 3, 2014 Report Share Posted April 3, 2014 1.125-5(e)(3) of the proposed regulations provide: (3) Separate period of coverage permitted for each qualified benefit offered through FSA. Dependent care assistance, adoption assistance, and a health FSA are each permitted to have a separate period of coverage, which may be different from the plan year of the cafeteria plan. Link to comment Share on other sites More sharing options...
IRA Posted April 3, 2014 Author Report Share Posted April 3, 2014 Thanks. I missed that. Link to comment Share on other sites More sharing options...
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