Flexible Spending Accounts (FSAs)

GPTKB entity

Predicate	Object
gptkbp:instanceOf	tax-advantaged financial account
gptkbp:alsoKnownAs	flexible spending arrangement
gptkbp:annual_contribution_limit_set_by	gptkb:IRS
gptkbp:available_to	eligible employees
gptkbp:canBe	medical devices vision care dental care prescription medications over-the-counter medications (with restrictions)
gptkbp:cannot_be_used_for	insurance premiums
gptkbp:contributions_are	pre-tax
gptkbp:establishedBy	gptkb:Section_125_of_the_Internal_Revenue_Code
gptkbp:forfeited_funds_are	returned to employer
gptkbp:funds_must_be_used_by	end of plan year
https://www.w3.org/2000/01/rdf-schema#label	Flexible Spending Accounts (FSAs)
gptkbp:mayInclude	grace period carryover option
gptkbp:not_portable	true
gptkbp:offeredBy	employers
gptkbp:regulates	gptkb:Internal_Revenue_Service_(IRS)
gptkbp:relatedTo	gptkb:Health_Reimbursement_Arrangement_(HRA) gptkb:Health_Savings_Account_(HSA)
gptkbp:requires	annual enrollment
gptkbp:subject	use-it-or-lose-it rule
gptkbp:usedFor	medical expenses dependent care expenses
gptkbp:bfsParent	gptkb:HSA_Bank
gptkbp:bfsLayer	7