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FSA Plan - maximum period to receive reimbursment check


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Posted

Where I work we have an FSA Plan. I used to receive my reimbursement checks within a week or two. Lately, I have to practically beg to get reimbursed after two or more months. What is the maximum period of time between submission and and reimbursed allowed in the regulations? Thanks.

Posted
Where I work we have an FSA Plan. I used to receive my reimbursement checks within a week or two. Lately, I have to practically beg to get reimbursed after two or more months. What is the maximum period of time between submission and and reimbursed allowed in the regulations? Thanks.

I'm not aware of a time limit, so maybe someone can let us know.

But to be blunt, I would be concerned if I were you. Things like this tend to be hints of a company in trouble.

You should definitely ask your HR or contact the administrator of the plan to see if you can get an explanation.

William C. Presson, ERPA, QPA, QKA
bill.presson@gmail.com
C 205.994.4070

 

  • 2 weeks later...
Posted

In order to be considered "available" under the uniform coverage rule, reimbursements must be done at least monthly or when some reasonable minimum amount of claims have been accumulated (e.g., $50).

Prop. Treas. Reg. § 1.125-5(d)(2).

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