Surviving the U.S.Health System
Information, Resources and Practical Tips
  • HOME
  • Insurance
  • Providers
  • Well Care
  • Sick Care
  • Contact
  • New
Skip to content
  • HOME
  • Insurance
    • Insurance News
  • Providers
    • Provider News
  • Well Care
    • Well Care News
  • Sick Care
    • Sick Care News
  • Book Store
  • Contact
    • About
      • Background
      • Healthcare Consulting
    • Book Me!
  • New
    • Of Interest
  • Available at amazon.com and in other e-book formats (.epub, .mobi and .pdf).


  • Recent Posts

    • How to Maximize 2017 Income Tax Medical Deductions
    • Save Money on Organic Produce: Dirty 12 and Clean 15
    • Unaffordable Rx: 9 Ways to Save
    • Dietary Supplement Expiration Dates
    • Increase Your Bone Density with 12 Minutes of Daily Yoga
    • Obamacare 2017 Open Enrollment
    • Medicare Open Enrollment
    • Dehydration Dangers
    • Employers Continue Their Cost-Shifting to Workers
    • AMA Updates Ethics Code
    • New Nutrition Labels: 5 Important Changes
    • More About Healthy Fats
    • Fats: The Good, The Debatable, The Ugly
    • Obamacare 6 Years Later
    • Beware of Out-of-Network PPO Providers
    • New Fed Dietary Guidelines Ignore WHO and Scientific Advisors
    • Why You Need a Healthcare Buddy
    • AMA Finally Does About-Face on Consumer Drug Ads
    • Flexible Spending Account: Use It or Lose It
    • Why It’s OK to Eat Whole Eggs Again
    • 2016 Medicare and ACA Enrollment Deadlines
    • Read ALL the Side Effects for Your Rx
    • ACA Enrollment Deadline Approaches
    • New Obamacare Campaign Seeks to Enroll Young People
    • If Pregnant, Don’t Delay Dental Care
  • survive-mailing-icon

    Receive the posts ASAP!

    * indicates required
    Email Format
  • Information you’re looking for…

    • Insurance News
    • Medicare
    • Provider News
    • Recent Posts
    • Sick Care News
    • Well Care News
  • Recent Posts

    • How to Maximize 2017 Income Tax Medical Deductions
    • Save Money on Organic Produce: Dirty 12 and Clean 15
    • Unaffordable Rx: 9 Ways to Save
    • Dietary Supplement Expiration Dates
    • Increase Your Bone Density with 12 Minutes of Daily Yoga
    • Obamacare 2017 Open Enrollment
    • Medicare Open Enrollment
    • Dehydration Dangers
    • Employers Continue Their Cost-Shifting to Workers
    • AMA Updates Ethics Code
    • New Nutrition Labels: 5 Important Changes
    • More About Healthy Fats
    • Fats: The Good, The Debatable, The Ugly
    • Obamacare 6 Years Later
    • Beware of Out-of-Network PPO Providers
    • New Fed Dietary Guidelines Ignore WHO and Scientific Advisors
    • Why You Need a Healthcare Buddy
    • AMA Finally Does About-Face on Consumer Drug Ads
    • Flexible Spending Account: Use It or Lose It
    • Why It’s OK to Eat Whole Eggs Again
    • 2016 Medicare and ACA Enrollment Deadlines
    • Read ALL the Side Effects for Your Rx
    • ACA Enrollment Deadline Approaches
    • New Obamacare Campaign Seeks to Enroll Young People
    • If Pregnant, Don’t Delay Dental Care
  • Recent Posts

    • How to Maximize 2017 Income Tax Medical Deductions
    • Save Money on Organic Produce: Dirty 12 and Clean 15
    • Unaffordable Rx: 9 Ways to Save
    • Dietary Supplement Expiration Dates
    • Increase Your Bone Density with 12 Minutes of Daily Yoga
    • Obamacare 2017 Open Enrollment
    • Medicare Open Enrollment
    • Dehydration Dangers
    • Employers Continue Their Cost-Shifting to Workers
    • AMA Updates Ethics Code
    • New Nutrition Labels: 5 Important Changes
    • More About Healthy Fats
    • Fats: The Good, The Debatable, The Ugly
    • Obamacare 6 Years Later
    • Beware of Out-of-Network PPO Providers
    • New Fed Dietary Guidelines Ignore WHO and Scientific Advisors
    • Why You Need a Healthcare Buddy
    • AMA Finally Does About-Face on Consumer Drug Ads
    • Flexible Spending Account: Use It or Lose It
    • Why It’s OK to Eat Whole Eggs Again
    • 2016 Medicare and ACA Enrollment Deadlines
    • Read ALL the Side Effects for Your Rx
    • ACA Enrollment Deadline Approaches
    • New Obamacare Campaign Seeks to Enroll Young People
    • If Pregnant, Don’t Delay Dental Care
  • Categories

    • Insurance News
    • Medicare
    • Provider News
    • Recent Posts
    • Sick Care News
    • Well Care News
← Why It’s OK to Eat Whole Eggs Again
AMA Finally Does About-Face on Consumer Drug Ads →

Flexible Spending Account: Use It or Lose It

Posted on December 22, 2015 by Admin

Although employer health plans continue to increase deductibles, co-pays and premiums, many still offer flexible spending accounts (FSAs) to their workers. A FSA provides the opportuniity for empIoyees to deduct pre-tax dollars from their paychecks and deposit those funds in an employer-sponsored account to pay for medical expenses not covered by the employer’s health insurance plan. If you’re fortunate enough to have a FSA and have been regularly adding to your account, you must spend those dollars before the end of the year or forfeit those set-aside savings.

What Is Covered

According to the IRS, FSA covered expenses include the costs of diagnosis, treatment or prevention of disease. They do not include expenses that are merely beneficial to general health. FSA account funds are frequently used to pay for medical, dental, vision and prescription deductibles and co-pays.  Some over-the-counter items are covered, whereas other procedures and supplies are covered only with a letter of medical necessity.

What Is Not Covered

Insurance premiums, cosmetic surgery, spa treatments, teeth whitening and routine hygeine items are among the many uncovered items.

For a complete listing of FSA allowables, consult with your FSA administrator, who is well versed in the IRS regulations.

Learn more? Order Surviving the U.S. Health System: Insurance, Providers, Well Care, Sick Care at https://surviveushealthsystem.com/books-store/and peruse the blog archives.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Reddit (Opens in new window)
This entry was posted in Insurance News, Recent Posts and tagged co-pay, deductible, flexible spending account, FSA, health plan, healthcare insurance, IRS. Bookmark the permalink.
← Why It’s OK to Eat Whole Eggs Again
AMA Finally Does About-Face on Consumer Drug Ads →

You must log in to post a comment.

Powered by WordPress and Sliding Door theme.