[Answer] an insured had $500 left in his health reimbursement account when he quit his job. what happens to that money?

Answer: the insured can have access to the $500 at his previous employer’s discretion
an insured had $500 left in his health reimbursement account when he quit his job. what happens to that money?

If the patient had a $500.00 deductible the contracted amount of $50.00 would not be paid by the insurance company. Instead this amount would be the patient’s responsibility to pay and subsequent charges would also be the patient’s responsibility until his …

Any money left unspent at the end of the coverage period is forfeited and can be applied to future plan administrative costs or can be equally allocated as taxable income among all plan participants; this is commonly known as the “use it or lose it” rule.

Gavin Christopher Newsom (born October 10 1967) is an American politician and businessman serving as the 40th and current governor of California since January 201…

Leave a Reply