As an Employer, if I offer a HSA under my Section 125 Cafeteria Plan, does my Cafeteria Plan Plan Document need to be altered?
Yes. The Plan Document should be amended to include the HSA as a benefit that my be allowed under the Plan. The Document should also be changed in order to clarify that if there is a medical FSA, the medical FSA will now be considered a Limited Purpose FSA or a Post Deductible FSA, and reimburse only those expenses that qualify.
Related Questions
- An employer should not/cannot cancel the employee from the group Section 125 plan until the employee is past the 60 day leeway period for late payment?
- As an Employer, if I offer a HSA under my Section 125 Cafeteria Plan, does my Cafeteria Plan Plan Document need to be altered?
- We offer a Section 125 Cafeteria Plan. Is that the same as offering an employer-sponsored group health plan?
