Health Flexible Spending Account (FSA)

What is a Health FSA?

A Health Flexible Spending Account (FSA) is an employer-sponsored reimbursement arrangement that allows employees to set aside pre-tax money on an annual basis to pay for qualified medical expenses. You can be reimbursed for eligible expenses incurred during the benefit year or shortly thereafter, if your employer chooses.

Who should elect a Health FSA?

The Health FSA can be beneficial to those who have eligible out of pocket medical, dental or vision expenses that are not covered by their insurance plan.

What are the advantages of a Health FSA:

With a Health FSA, you can use pre-tax money to pay for qualified health care expenses that are not covered by your insurance plan. The tax savings gives you more buying power for your health care dollar.

What kinds of expenses can be paid with a Health FSA?

• Standard medical services such as office visits, annual medical physicals and more
• Prescriptions, over-the-counter medicines and health care products
• Preventive and restorative dental care as well as orthodontia for children and adults
• Eyeglasses, contact lenses and solutions, and laser eye surgery
• Copayments, coinsurance and deductibles
• Acupuncture, chiropractic services and many more medical expenses not typically covered by health plans

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