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.
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Newly hired employees have 30 days after being hired to enroll in an FSA.
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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.