Seat Time: 1hrs - Desc:
This course will provide the learner with an introduction to Flexible Spending Accounts (FSAs) and will detail the specific types of FSAs that are available to individuals. After completing this course, the learner will understand:
- What the advantages of FSAs are for individuals and employees.
- How FSA contributions work.
- How FSA distributions are made.
T1. Introduction to FSAs: This topic will introduce the learner to Flexible Spending Accounts (FSAs) by defining the term and explaining the advantages of FSAs for employees and how they may enroll.
T2. Types of FSAs: This topic will familiarize the learner with the three types of FSAs, Medical Expense, Dependent Care, and Other.
T3. FSA Contributions: This topic will familiarize the learner with aspects of FSA contributions, such as excess contributions, grace periods, and cafeteria plans.
T4. FSA Distributions: This topic will familiarize the learner with qualified distributions and medical expenses and limitations that are placed on FSA distributions.