Can a retiree participate in a flex spending account?

2 ⤊

Can a retiree participate in a flex spending account?

2006-10-04 11:18:15 · 2 answers · asked by lspencer_1999 1 in Business & Finance ➔ Taxes ➔ United States

2 answers

Absolutely....if you are working. A flex spending account or cafeteria plan or a section 125 plan is for employees of companies. Age is irrelevant, but you must be an employee of a company that offers them.

Hope this helps :)

2006-10-04 14:24:11 · answer #1 · answered by TaxMan 5 · 2⤊ 0⤋

My gut tells me that you cannot, but there are other alternatives out there like a Medical Savings Account which is similar to a FSA.

2006-10-04 19:37:02 · answer #2 · answered by Steve 6 · 0⤊ 0⤋