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FLEXIBLE BENEFITS PLAN Year January 1, 2016, December 31, 2016, Section 125 of the Internal Revenue Code establishes the opportunity for employees to pay certain eligible health care expenses (those
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What is flexible spending accounts health?
Flexible spending accounts health, also known as health FSAs, are accounts that allow employees to set aside pre-tax money to cover eligible medical expenses.
Who is required to file flexible spending accounts health?
Employees who have opted into a flexible spending account (FSA) health plan are required to file for it.
How to fill out flexible spending accounts health?
To fill out flexible spending accounts health, employees need to submit reimbursement claims along with receipts for eligible medical expenses.
What is the purpose of flexible spending accounts health?
The purpose of flexible spending accounts health is to help employees save money on medical expenses by allowing them to use pre-tax dollars.
What information must be reported on flexible spending accounts health?
Employees must report their eligible medical expenses along with receipts when filing for flexible spending accounts health.
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