| ||
FLEXIBLE SPENDING ACCOUNTS FSA’s Although Rev. Rul 2003-43, 2003-21 IRB 935, issued on May 6, 2003, states that payments made under employer-provided expense reimbursements to medical service providers through debit, credit, and stored value cards are reportable by the employer on form 1099-MISC, the Act provides an exception from the reporting provisions for medical care payments made under FSAs and HRAs. ERISA APPLICATION An FSA is an ERISA plan subject to reporting and disclosure obligations. EFFECTIVE DATE/CUT-OFF DATE Effective Date: Established in IRC § 125 and subsequent regulations. Cut-off Date: None. | ||
| ||
