health flexible spending account fsa l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Health Flexible Spending Account (FSA) PowerPoint Presentation
Download Presentation
Health Flexible Spending Account (FSA)

Loading in 2 Seconds...

play fullscreen
1 / 8

Health Flexible Spending Account (FSA) - PowerPoint PPT Presentation


  • 92 Views
  • Uploaded on

Health Flexible Spending Account (FSA). Sample comprised of 453 randomly selected HR professionals. Analyzing 453 of 2985 emails sent, 2728 emails were received (response rate = 17%). Survey fielded February 14 – February 20, 2006; presentation generated on February 21, 2006.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Health Flexible Spending Account (FSA)' - kendra


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
health flexible spending account fsa
Health Flexible Spending Account (FSA)
  • Sample comprised of 453 randomly selected HR professionals.
  • Analyzing 453 of 2985 emails sent, 2728 emails were received (response rate = 17%).
  • Survey fielded February 14 – February 20, 2006; presentation generated on February 21, 2006.
  • Margin of error is +/- 4.0%.
what percentage of your eligible employee population participates in the health fsa option
What percentage of your eligible employee population participates in the health FSA option?

Excludes ‘Don’t know’ (22%) responses

what percentage of your eligible employee population participates in the health fsa option5
What percentage of your eligible employee population participates in the health FSA option?

Excludes ‘Don’t know’ (22%) responses

slide6

Does your organization allow employees to take advantage of the 2 ½ month grace period for spending health FSA funds as outlined by the Treasury Department in May of 2005? (check all that apply)

NOTE: 4% of cases in the “Other” category were not sure their

organization allow employees to take advantage of the grace period.

slide7

Does your organization allow employees to take advantage of the 2 ½ month grace period for spending health FSA funds as outlined by the Treasury Department in May of 2005? (check all that apply)

NOTE: 4% of cases in the “Other” category were not sure their

organization allow employees to take advantage of the grace period.

other
Other
  • Yes, but not until 2007
  • Will incorporate in 2006-2007 plan year
  • We will implement this for 2007 plan year.
  • Incur the additional fee
  • This is our first year we want to see how it goes before implementing this.
  • The decision hasn't been made yet
  • The "Use-it-or-lose-it" aspect is still a deterrent to many employees.
  • Our PEO organization is not allowing our employees to take advantage of this. We do not know the reason.
  • Our employees plan well and use up their flex dollars by early December
  • Our employees don't even pull out enough to have any left over at the end of December.
  • Not for 2005, one month grace period for 2006
  • No. The rule is too new. Our 3rd party administrator does not recommend participating at this time.
  • No, we're waiting until all rules are finalized and legal issues settled.
  • No, it has not been presented to employees as an option
  • No, due to additional cost from TPA to add grace period
  • Its being reviewed prior to deciding to use them
  • For 2005 NO, for 2006 and going forward YES
  • EE confusion about deadlines of overlapping plan years
  • According to our broker, we would need to eliminate the grace period if we ever wanted to implement a calendar-year HSA.

NOTE: 4% of cases in the “Other” category were not sure their

organization allow employees to take advantage of the grace period.