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Under COBRA, the following individuals may be eligible for continuation coverage: [14] Employees: Full-time and part-time employees who were covered by a group health plan sponsored by an employer with 20 or more employees. Spouses: Spouses of covered employees who were enrolled in the group health plan.
The most common type of flexible spending account, the medical expense FSA (also medical FSA or health FSA), is similar to a health savings account (HSA) or a health reimbursement account (HRA). However, while HSAs and HRAs are almost exclusively used as components of a consumer-driven health care plan, medical FSAs are commonly offered with ...
The kinds of expenses that can be paid under an HRA are generally the same as the expenses that can be paid through a Flexible Spending Account (FSA). [15] The employer is not required to prepay into a fund for reimbursements. Instead, the employer reimburses employee claims as they occur.
Limited Purpose Flexible Spending Account (LPFSA) Basics An LPFSA is a special type of flexible spending account (FSA) . Funds in a regular FSA can be used to pay for a variety of expenses, but ...
A flexible spending account provides tax advantages and cash for medical expenses not covered by insurance. Here's what to consider to decide if it's right for you.
Discover the key differences between a health savings account (HSA) and a flexible spending account (FSA) to find the best way to save on healthcare expenses.