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Minneapolitan

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  1. Once contributions have been made to spending accounts, the only way to get the amounts out is through reimbursement of qualified expenses (and employer group health plan premiums are not allowed to be reimbursed from FSAs). The employer could choose to add a grace period on to it's plan to allow individuals to incur expenses up through December 31, 2020 under the new COVID 19 guidance. The employer could also choose to amend the plan prior to the end of the plan year to permit a rollover. If it wasn't so late in the plan year, the employer also could decide to take advantage of the opportunity to allow participants to change their elections, but with a 6/30 PYE, that isn't very helpful for these situations.
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