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  1. #1
    Join Date
    Nov 2011
    Posts
    2

    Exclamation Qualifying Events for Health Flexible Savings Accounts (FSAs)

    My question involves insurance law for the state of: Texas

    Can employer's prevent qualifying events for Health FSA cafeteria plans by altering/amending their plan documents? I know IRS allows a participant to change their annual election due to birth, death, marriage, etc. My employer is trying to reduce their risk in the plan by not allowing qualifying events at all. Didn't think IRS would allow such a thing. I did read however that employer's can set time limits on when you must elect a change after the event has occured (30, 60 days, etc.)

  2. #2
    Join Date
    Jun 2006
    Location
    Massachusetts
    Posts
    24,521

    Default Re: Qualifying Events for Health Fsa

    Good question. I work with this issue every working day of my life and until you asked, it never occurred to me to determine if an employer MAY allow the events permitted by the IRS or if he MUST. I'll do some research and get back to you. Someone else may know off the top.

    Hold on - are we talking about Flexible Spending Accounts only, or are we talking about changing the medical, dental, other ERISA based benefits as well? It may make a difference.

  3. #3
    Join Date
    Nov 2011
    Posts
    2

    Default Re: Qualifying Events for Health Fsa

    This would apply to just Flexible Spending Accounts.

  4. #4
    Join Date
    Jun 2006
    Location
    Massachusetts
    Posts
    24,521

    Default Re: Qualifying Events for Health Fsa

    Okay, thanks. Let me see what I can find out.

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