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Healthcare Flexible Spending Account
Who is covered?
Effective July 1, 2011, in accordance with the Patient Protection and Affordable Care Act (PPACA), an employee may obtain FSA reimbursement for his/her children (as defined by the IRC§ 152, i.e., biological, stepchild, adopted), who have not obtained age 27 by the end of the tax year. This includes children that no longer live with their parents, are not listed as dependents on a parent’s tax return, are no longer a student, or are married. |
05/06/11 |