iias system sets the eligibility requirements for a flexible spending arrangement (fsa).
who sets the eligibility requirements for a flexible spending arrangement (fsa)?
iias system
the iias system references a master eligibility list of fsa eligible products at the point of sale. the special interest group for iias standards (sig-is) maintains this eligibility list and updates it on a monthly basis.









































the fsa eligibility list includes items within eligible healthcare product categories determined by the irs. health savings accounts share the same medical item eligibility list as fsas. the full list of eligible items is only available to members of sig-is, but specific product eligibility can be identified by the public on websites such as fsastore.com and walgreens.com's fsa section.
flexible spending account
flexible spending account









































a flexible spending account (fsa), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. before the patient protection and affordable care act, one significant disadvantage to using an fsa was that funds not used by the end of the plan year were forfeited to the employer, known as the "use it or lose it" rule. under the terms of the affordable care act, a plan may permit an employee to carry over up to $500 into the following year without losing the funds.
flexible spending account