Lorman offers professional resources regarding COVID-19 and the 2020 Elections

Show navigation

Available in:

OnDemand Course
MP3 Download

Flexible Spending Accounts

Gain a better understanding of the flexible spending accounts requirements and keep your company in compliance.

Employees and employers face enormous financial challenges as we navigate pandemic response, social unrest, and economic instability. Flexible spending accounts provided a simple tax savings program in previous years, but this simplicity has turned to complexity as employers weigh options and employees manage illness, layoffs, and furloughs. Employers can use their existing flexible spending accounts and can even design new vehicles to help employees manage these changes, but without a solid understanding of how these accounts work and the legal requirements, these accounts can become less of a benefit and more of a burden and liability. This topic will start with flexible spending account basics to ensure that the tax advantages that the accounts offer are maintained. It will also look at documentation requirements and some creative approaches to documentation that can ease administration. The material will then delve more deeply into using flexible spending accounts to their best advantage to address workplace changes and into the potential compliance traps that face employers that implement flexible spending accounts without understanding their compliance obligations. Human resource professionals will be armed with the tools and insight needed to manage and capitalize on flexible spending account benefits as part of solution oriented benefit design.

Runtime: 91 minutes
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Cafeteria Plan Basics

  • Constructive Receipt
  • Document Requirements
  • Election Changes
  • Mistakes and Correction

Dependent Care Flexible Spending Accounts

  • Tax Credits vs. DCAP vs. Onsite Care
  • Qualifying Expenses
    • Dependent
    • Employment
  • Nondiscrimination Testing and Plan Design
    • The Test
    • Design Solutions
  • Employment Changes and DCAP Eligibility

Health Care Flexible Spending Accounts

  • The Basics
  • IRC Section 105 and Section 106
  • HIPAA, ACA, and COBRA
  • Using FSAs With HSAs
  • FSA Variations and Uses
  • COVID-19 Relief and Opportunities
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on August 7, 2020.

Call 1-866-352-9540 for further credit information.

  • HR Certification Institute 1.5
     
  • This E-Learning program has been approved for 1.5 (General) recertification credit hours toward aPHR(TM), aPHRi(TM), PHR®, PHRca®, SPHR®, GPHR®, PHRi(TM) and SPHRi(TM)recertification through HR Certification Institute® (HRCI®). For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org.
     
  • SHRM 1.5
     
  • Lorman Education Services is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for 1.5 PDC(s) for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit www.shrmcertification.org.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tonie Bitseff

Tonie Bitseff

Buchalter

  • Member of the Corporate Law and the Labor & Employment Practice Groups in Buchalter’s Seattle office
  • Over 20 years of experience serving as ERISA counsel to employee benefit plans and employers
  • Addresses legal issues in design, implementation, administration, corrections, and conflict resolution related to health plans, severance plans, life insurance, disability benefits, wellness plans, 125 plans, individual account plans (HSAs, FSAs, and HRAs), retirement plans, and other forms of compensation
  • Assists clients with design, diligence review, internal audits, benefit outsourcing, vendor management, coverage issues, ERISA fiduciary liability, ERISA claims and appeals processes, and government audits
  • She serves as ERISA counsel supporting contract negotiations and business transactions such as mergers and acquisitions
  • LL.M. degree in taxation, University of Washington School of Law; J.D. degree, Seattle University School of Law; B.A. degree in speech communications, University of Washington
  • Can be contacted at 206-319-7042 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 407362
Published 2020
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!