Most full-time employees are eligible to enroll in an FSA, so long as their employer offers HCFSAs as part of their benefits package.
- Current employees can enroll during your company's initial enrollment period (after the plan is set up), during FSA Open Enrollment, or because of a qualifying life event.
Newly hired employees have 30 days after being hired to enroll in an FSA.
Union employees (if any) will be eligible for participation in the FSA.
Who is not eligible for a HCFSA?
The exceptions include:
- Self-employed employees and shareholders who own 2% or more in an S-Corp, LLC, LLP, PC, sole proprietorship, or partnerships.
- Employees with HSAs should not enroll in a HCFSA. However, employees with HSAs are allowed to have a Dependent Care FSA (DCFSA).
Questions? We are happy to help! Please reach out to Benepass Support for any assistance.