FSA and HSA Archives - Employee Benefits I AP Benefit Advisors

The IRS weighs in on HCFSA Carryover and Reimbursement Mistakes

A.  IRS Provides Guidance on Correcting Health Care FSA Reimbursement Mistakes.  The IRS has released a Chief Counsel Advice (CCA) memorandum that provides guidance on correcting HCFSA payments for expenses that are not properly substantiated or are later determined to be ineligible for reimbursement (improper payments). Issues addressed include whether the correction procedures for improper […]