Those are probably the most notable corporations shedding employees
Paintings Recommendation: The corporate did not deduct FSA contributions. Will have to the employee must pay off them now?
- Because the employer is providing COBRA health-care protection, your husband might be able to elect to proceed his FSA plan along side the COBRA plan, relying on how a lot of his FSA election has already been spent. However then he must pay now not simplest tax however further administrative charges on his FSA contributions below COBRA.
- If you’ll be able to’t agenda appointments or procedures in time to make use of up your FSA finances ahead of your husband’s layoff takes impact, you’ll be able to a minimum of fill up on drugs and provides, reminiscent of backup pairs of eyeglasses and first-aid necessities. You’ll see what pieces qualify for FSA repayment and get them organized immediately thru FSAstore.com.
- Be aware that those laws follow simplest to health-care FSAs — now not dependent-care FSAs or health-savings accounts (HSAs), which let you declare repayment just for quantities you’ve already contributed.
Supply By way of https://www.washingtonpost.com/industry/2023/03/02/work-advice-if-youre-laid-off-dont-leave-your-fsa-funds-behind/