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flex spending Archives - Stratus.hr®

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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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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