Yusra3
Banned
A flexible spending account (FSA) is a tax-advantaged account that allows you to set aside money for eligible medical expenses. The money in the FSA can be used to pay for all types of medical expenses, including dental, vision, hearing and prescription drugs.
You can use your FSA funds to pay for qualified medical expenses that aren't covered by insurance or other plans. Qualified medical expenses include the costs of health care services incurred by you or a family member who has been diagnosed with a condition that makes him or her eligible for coverage by an employer's group insurance plan (including COBRA), Medicare Part D prescription drug coverage, Medicaid, TRICARE (military health care program), CHAMPUS (civilian health care program), or other government programs.
You must be enrolled in a high-deductible health plan (HDHP) as part of your healthcare coverage to use this type of account. You cannot contribute more than $2,500 annually into an FSA; however, if you have more than one HDHP plan that covers some or all of your healthcare needs and you meet certain conditions discussed below, then you may be able to contribute an additional amount each year up to $5,000 per year into each individual plan's FSA..
You can use your FSA funds to pay for qualified medical expenses that aren't covered by insurance or other plans. Qualified medical expenses include the costs of health care services incurred by you or a family member who has been diagnosed with a condition that makes him or her eligible for coverage by an employer's group insurance plan (including COBRA), Medicare Part D prescription drug coverage, Medicaid, TRICARE (military health care program), CHAMPUS (civilian health care program), or other government programs.
You must be enrolled in a high-deductible health plan (HDHP) as part of your healthcare coverage to use this type of account. You cannot contribute more than $2,500 annually into an FSA; however, if you have more than one HDHP plan that covers some or all of your healthcare needs and you meet certain conditions discussed below, then you may be able to contribute an additional amount each year up to $5,000 per year into each individual plan's FSA..
