ERISA Requirements – A Closer Look at Participant Disclosures
ERISA imposes certain requirements on employers (who also usually act as plan sponsors and plan administrators) that offer health and benefit plans to employees.
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Which Dependents are Covered by a Flexible Spending Account (FSA)?
Dependent care FSA funds can be used to cover a variety of child and adult care services. Dependents who are eligible include natural, adopted, and foster children who have not reached age 13 and family members who cannot care for themselves. All dependents must live with the FSA account holder for more than half the year and be claimed on their federal tax return.