What expenses qualify for FSA?

What expenses qualify for FSA?

Eligible expenses include health plan co-payments, dental work and orthodontia, eyeglasses and contact lenses, and prescriptions. This type of FSA is offered by most employers. It covers medical, dental, vision, and pharmacy expenses. If you have a Standard FSA, you are ineligible for contributing to an HSA.

Can You Use 2019 FSA money for previous years expenses?

Can I use my Health Care FSA to reimburse outstanding medical expenses from the prior year? No, expenses must be incurred during the current plan year.

Is toilet paper FSA eligible?

Toiletries can describe anything from oral care items like mouthwash, toothbrushes, toothpaste and floss to hair products like shampoo and conditioners; bathroom products like toilet paper; feminine care like tampons and pads; cotton swabs and fingernail clippers, and more.

Is toothpaste an eligible FSA expense?

Dental procedures. But general tooth-health products, such as toothbrushes, toothpaste and floss, are not usually not eligible to purchase with FSA funds.

Are vitamins covered by FSA?

If your doctor has prescribed you specific supplements, you will need to fill out a letter of medical necessity (LMN) in order to use your FSA to make this purchase. Otherwise, vitamins and supplements are not considered an eligible expense and your card will be rejected.

Are sunglasses covered by FSA?

Prescription sunglasses are eligible for reimbursement with a flexible spending account (FSA) and a health savings account (HSA). Over-the-counter sunglasses that do not require a prescription are not covered under FSA and HSA plans.

What happens to unused flex spending money?

Where does the money go? Unused FSA money returns to your employer. The funds can be used towards offsetting administrative costs incurred during the plan year, employers can also reduce annual premiums in the next FSA year, or funds must be equally distributed to employees who enroll in an FSA for the next year.

Can I use my 2020 FSA to pay for 2019 expenses?

FSA funds in a plan year can only be used for expenses incurred during the plan year. However, there is a 90-day runout period at the end of the plan in which you can submit claims for reimbursement for expenses during that plan year.

Does FSA cover electric toothbrushes?

Dentists often recommend an electric toothbrush to replace a manual toothbrush. General health items such as toothbrushes are not eligible for reimbursement from a health FSA because they would be used even if there is no recommendation from a dentist.

Are multivitamins covered by FSA?

Multivitamins If your doctor has prescribed you specific supplements, you will need to fill out a letter of medical necessity (LMN) in order to use your FSA to make this purchase. Otherwise, vitamins and supplements are not considered an eligible expense and your card will be rejected.

Is a humidifier FSA eligible?

Humidifiers are eligible for reimbursement with a Letter of Medical Necessity (LMN) for flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA).

Are B12 shots covered by FSA?

OUR SERVICES ARE COVERED BY YOUR HSA / FSA If you have a debit card associated with your plan, you can use it at the center to pay for all your services and products, including shakes or bars as required on your weight loss program, and Vitamin B12 injections or Lipotropic MIC B12 injections.

What expenses can I use my FSA funds for?

Eligible Expenses. You can use your FSA funds to pay for a variety of expenses for you, your spouse, and your dependents. The IRS determines which expenses can be reimbursed by an FSA. To find out which expenses are covered by FSAFEDS, select the account type you have from the list below: Health Care FSA.

What are eligible health care FSA (HC) expenses?

Eligible Health Care FSA (HC FSA) Expenses. Your Health Care FSA covers hundreds of eligible health care services and products. You can use your Health Care FSA (HC FSA) funds to pay for a wide variety of health care products and services for you, your spouse, and your dependents. The IRS determines which expenses can be reimbursed by an FSA.

What is a Flexible Spending Account (FSA)?

If you have a health plan through a job, you can use a Flexible Spending Account (FSA) to pay for copayments, deductibles, some drugs, and some other health care costs. Using an FSA can reduce your taxes. What is an FSA?

Can I use my FSA for medical and dental expenses?

See a list of generally permitted medical and dental expenses. You generally must use the money in an FSA within the plan year. But your employer may offer one of 2 options: It can provide a “grace period” of up to 2 ½ extra months to use the money in your FSA. It can allow you to carry over up to $550 per year to use in the following year.