A key element of an HRM managing benefits is possess the intricacies of each benefit and ability to explain them to an employee or workforce. In Chapter Eleven of the textbook, many of you will read for the first time about a discretionary benefit titled, Flexible Spending Account (FSA).
In December of 2013, The Employee Benefit Research Institute (ERBI) found enrollment in a Health Reimbursement Arrangement (HRA) to be used in calendar year 2014 declined significantly while enrollment in an FSA increased almost 2%.
For this week’s discussion forum, I want you to watch the following video and answer the three questions on FSAs:
Video link: http://www.youtube.com/watch?v=IQQgJof_yeY