in this episode, Dan and Ed explain HCFSA and LEXHCFSA accounts, how they’re funded, and what happens to them when federal employees retire or leave. They also cover HSAs, their rules, and how retirement affects these accounts.
Check Out Our Next FERS Webinar for Federal Employees -
FedLife Podcast (Ep.144): Understanding HCFSA, LEXHCFSA, and HSAs for Federal Employees
Join us as Dan and Ed break down what HCFSA, LEXHCFSA, and HSA accounts are, how they’re funded, and what happens to them when federal employees retire or leave service.
In this episode, you'll discover:
- What is an HCFSA/LEXHCFSA?
- How does an employee pay for out-of-pocket expenses?
- How are HCFSA/LEXHCFSA funded from gross salary?
- What happens to these funds once an employee retires or leaves federal service?
- What is an HSA and what are the rules?
- What happens to an HSA after retiring or leaving federal service?
Source Article:
https://stwserve.com/departing-employees-need-to-consider-what-happens-to-their-hcfsas-and-hsas/
Like and Subscribe on YouTube at YouTube.com/FedLife
“Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC. Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Lee, Sipe & Associates, Inc. is not a registered broker/dealer and is independent of Raymond James. Content represents the opinions of the speaker and not necessarily those of Raymond James. Important Disclosure Information: http://raymondjames.com/smicd.htm.
