Category

Flexible Spending (FSA)

2015 FSA and HSA Open Enrollment

The month of November is Open Enrollment for the Section 125 Flexible Spending Plan (FSA), and electing contributions to a Health Savings Account (HSA).  The effective date for the enrollment is January 1, 2015.  Open enrollment is the only time, barring qualified life events, when eligible, full-time employees can enroll in FSA benefits for the new calendar year.  Benefits include:…

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NBS Announces Enhancements to Flexible Benefit Systems

National Benefit Services (NBS) is excited to announce upcoming enhancements to its flexible benefit systems on September 1st of this year! Some of the new tools include: Mobile App for Participants View up-to-date balances Submit claims right from your smart phone Receive alerts concerning your benefit accounts New and easy to use NBS web portal as the Plan Sponsor Interact…

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FSA Rollover Q&A

In December, 2013, the IRS announced that Flexible Spending Plans could allow participants to roll over up to $500 of contributions to the following year. ISIhr announced that this change will take place automatically with our plan, and will apply to 2013 participants. Here is some further clarification on that announcement: Question: I had a balance that should have rolled over…

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