Those are probably the most notable corporations shedding staff
Paintings Recommendation: The corporate didn’t deduct FSA contributions. Will have to the employee need to pay off them now?
- Because the employer is providing COBRA health-care protection, your husband could possibly elect to proceed his FSA plan in conjunction with 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 beneath COBRA.
- If you’ll be able to’t time table 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 refill on medicines and provides, reminiscent of backup pairs of eyeglasses and first-aid necessities. You’ll be able to see what pieces qualify for FSA compensation and organize them without delay thru FSAstore.com.
- Word that those laws observe simplest to health-care FSAs — now not dependent-care FSAs or health-savings accounts (HSAs), which let you declare compensation just for quantities you might have already contributed.
Supply By means of https://www.washingtonpost.com/industry/2023/03/02/work-advice-if-youre-laid-off-dont-leave-your-fsa-funds-behind/