Other Matters
Is there IRS regulations and reporting for FSAs?
Medical Care and Dependent Care FSAs are regulated by Section 125 of the IRS Code. Transit and parking benefits are regulated by Section 132 of the IRS Code. Employers are required to file Schedule C (records fees paid to Sterling to administer the plan) and Schedule H, if the employer is funding the employees' expenses out of a trust.
Form 5500 must be filed by employers with over 100 employees. If filed, it must include Schedule C.
Are there other regulations for FSAs?
Yes. FSAs are considered group health plans and are subject to COBRA, ERISA, and HIPAA regulations.
Can employers contribute to an FSA?
Yes, by law employers are allowed to contribute to Healthcare FSAs and Transit/Parking benefits.
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HSA Sign Up Options
For English, see below. For Spanish, click here.Individual, Not Part of Employer Group
For individuals signing up for an HSA and not associated with an employer group
Individual, Part of an Employer Group
For individuals signing up for an HSA already associated with an employer group
Employer Groups HSA Sign Up
For employer groups to enroll in HSAs
Register HSA Account for Online Access
If you already have HSA accounts with Sterling, register here for online access to your account information
