I feel like a dope. I retired on July 1, at which point my healthcare FSA contributions stopped. When I saw FSA continuation was an available COBRA option, I took it.
But... why? I no longer receive a paycheck, so my FSA witholding isn't reducing any taxable income. I'm just mailing an FSA contribution check to my benefits administrator.
Am I missing something? Is there a way to retroactively apply the current FSA witholdings to previous earnings?
Thanks!
But... why? I no longer receive a paycheck, so my FSA witholding isn't reducing any taxable income. I'm just mailing an FSA contribution check to my benefits administrator.
Am I missing something? Is there a way to retroactively apply the current FSA witholdings to previous earnings?
Thanks!