Total Articles: 3
Health FSA Uniform Coverage Rule Precludes Recoupment.
In 1989, when the Internal Revenue Service wrote the first proposed regulations for health flexible spending accounts (“FSAs”), it came up with the requirement that health FSAs must exhibit the “risk-shifting and risk-distribution characteristics of insurance”. This concept has been translated into of the “uniform coverage” rule.
HEART Act Guidance Clarifies Health FSA Distributions For Reservists.
Under new guidance issued by the Internal Revenue Service (IRS), employers will more easily be able to allow workers who have been called up to active military duty to take full advantage of “qualified reservist distributions” from their health flexible spending accounts (FSAs).
Court Finds FSA Administrator Violated ERISA by Providing Misleading Benefit Documents.
A federal court in New Jersey has held that a flexible spending account (FSA) plan administrator violated ERISA by providing plan benefit documents that did not clearly state when a medical expense would be deemed “incurred” under the plan.
