The IRS says a valid receipt will have; the medical provider’s name; the patient’s name; a description of the product or service;, the date of service or date of purchase; and the amount of out-of-pocket expense.
Massage Benefits: 9 Healthy Reasons to Make an Appointment Today
1. Manage Anxiety and Depression
2. Ease Pain
3. Improve Sleep
4. Boost Immunity
5. Beat PMS
6. Raise Alertness
7. Curb Headaches
8. Save Face
9. Ease Cancer Treatment
Eight out of 10 Americans will experience debilitating back pain, according to Time.com, but a massage can help. Use your benefits card and enjoy!
ANSWER: Here are the rules about the COBRA premium (it is allowed).
COBRA premiums. The exclusion for accident and health benefits applies to amounts you pay to maintain medical coverage for a current or former employee under the Combined Omnibus Budget Reconciliation Act of 1986 (COBRA). The exclusion applies regardless of the length of employment, whether you directly pay the premiums or reimburse the former employee for premiums paid, and whether the employee's separation is permanent or temporary.
Summaries of Benefits and Coverage (SBC) - rules released on the NEW benefit summary that will need to be released for HRA/HSA/FSA. We will be working with our customers to be sure their plans are in compliance.
Our website now includes a list of eligible FSA and Section 213 expenses, check it out!
New cards will NOT be sent each year; instead the new year funds will be loaded to your existing cards. Your cards are valid for three (3) years from the date issued, the expiration date is on the card. (New cards are automatically issued 30 days prior to expiration.)
Question: I participated with the FSA and/or DCA in 2011, should I expect to receive any type of tax document from you? For example, the 1099-SA form?
Answer: No, you will not receive any type of tax document through Polestar Benefits. Your FSA/DCA Tax Deductions are itemized on your W2. The 1099-SA form is specific for those participants that carry an HSA (Health Savings Account), Archer MSA (Medical Savings Account) or a Medicare MSA.
If you are confused by the FSA maximum guidelines that take affect in 2013 and why they need to be addressed 2012, you are not alone. Take a look at our short clip and how this may affect you or your company.
With many groups moving into their new 2012 Cafeteria Plan year, please remember that you cannot use your benefits card or submit a claim for 2011 services to be reimbursed out of your 2012 account even if you didn't receive your billing statement or EOB until the new year.
However, if you haven't utilized all your 2011 funds, you can still turn in the claim for reimbursement through the end of the run-out period.
...the spouse or dependent can elect the FSA to be continued through COBRA.
When the COBRA FSA election is made, a second FSA account is created for the beneficiary...the employee still has their FSA account too. Just like any other COBRA plan, the participant must be enrolled in the plan(s) as of the date of the event and also make monthly payments, plus they can terminate an election on a month-to-month basis.