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Last Updated: 02/28/2018
in FSA/HRA/HSA FAQ's No, you can use funds only for the purpose for which the election was initially made. IRS regulations do not allow funds to be transferred or commingled between accounts. So, the money in your Health Care FSA may only be used for health care expense...
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Last Updated: 05/16/2024
in Benefits Card Card Activation
You can find your benefits card status easily through your online account at Sentinelgroup.com . The benefits card information can be found under the Profile menu within your account and selecting the Banking/Cards menu item. The Status can...
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Last Updated: 03/11/2021
in FSA/HRA/HSA HSA Tax Reporting All distributions from your HSA plan will be reported to the IRS and you will receive a form 1099-SA showing the total amount taken from the plan within the corresponding tax year. Distributions are exempt from income taxes as long as funds are used...
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Last Updated: 03/31/2020
in Retirement Accounts Loans If you decide to take a loan from your retirement plan, repayments will be made through payroll deductions. Your payment amount will be determined by the length of the loan and the frequency of your payroll. If you choose to repay your loan early,...
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If your plan allows, you may roll money from a prior employer’s qualified plan or IRA into your current employer’s plan with Sentinel. If you are unsure whether your current plan allows rollover contributions, check your Summary Plan Description (SP...
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Last Updated: 04/03/2024
in FSA/HRA/HSA Dependent Care FSA
A Dependent Care FSA account is generally used to cover expenses for the care of a “qualified dependent” under the age of 13 while the you and your spouse are working or looking for work. Additional covered expenses include Elder Care and Car...
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Patient account number - Your account number with your health care provider. A mount charged - The total amount charged by a health care provider for services you received, whether or not the services are covered under your health pl...
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Any Qualified Beneficiary on your insurance plan is permitted to get information about coverage and account status. Only one set of credentials can be used to access online account . If you are covered through COBRA but do not have online account ...
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Last Updated: 03/28/2024
in Retirement Accounts Loans
The terms of your loan end the day you leave the company. Therefore, the remaining balance may be deemed in default and taxable in the year the payments cease. To avoid your loan being reported as taxable income (and having the 10% penalty tax ap...
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Last Updated: 02/28/2018
in FSA/HRA/HSA FAQ's No, you can use the Dependent Care FSA to cover expenses for anyone who watches your children while you and your spouse are working. It can even be a family member, as long as that person is not your tax dependent. The provider must provide their So...