Question

Robin's employer sponsors a group health insurance plan and a health care flexible spending account (FSA). This year, Robin contributed $1,000 to the FSA. Her out of pocket co-payments and deductibles for medical and dental care were $950, and she spent $50 to purchase Advil and over the counter cold remedies as prescribed by her physician for a cold. Which of the following statements concerning Robin's FSA is correct? Group of answer choices Based on her expenses to date, Robin's FSA will reimburse her $1000 if she timely filed for reimbursement. The unused balance of Robin's FSA may be carried forward and used for up to two additional tax years. Based on her expenses to date, Robin's FSA will reimburse her $950 if she timely filed for reimbursement. In order to receive a reimbursement from the FSA, the code requires Robin to incur the expenses and request a distribution by the end of this year.

          Robin's employer sponsors a group health insurance plan and a health care flexible spending account (FSA). This year, Robin contributed $1,000 to the FSA. Her out of pocket co-payments and deductibles for medical and dental care were $950, and she spent $50 to purchase Advil and over the counter cold remedies as prescribed by her physician for a cold. Which of the following statements concerning Robin's FSA is correct?
Group of answer choices
Based on her expenses to date, Robin's FSA will reimburse her $1000 if she timely filed for reimbursement.
The unused balance of Robin's FSA may be carried forward and used for up to two additional tax years.
Based on her expenses to date, Robin's FSA will reimburse her $950 if she timely filed for reimbursement.
In order to receive a reimbursement from the FSA, the code requires Robin to incur the expenses and request a distribution by the end of this year.

Added by Crystal J.

Question

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