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SHRM-CP - Compensation and Benefits - Flexible spending accounts
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Which of the following best describes the grace period option in a Health Flexible Spending Account (FSA)?
a.
A timeframe allowing rollover of unused FSA funds into the next plan year
b.
A window before the plan year starts to adjust FSA enrollment amounts
c.
An additional 2.5 months after the plan year to use remaining FSA funds
d.
A period during the plan year when contributions can be increased without employer approval
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