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2
votes
1answer
30 views

What happens with two FSA accounts and one accidental expense submitted to each?

What happens if accidentally a husband and wife each submit a specific charge to their respective FSA for reimbursement?
7
votes
4answers
104 views

Day care tax deduction

In the US, are day-care expenses tax deductible? And if so under what conditions? For example, if one parent is working, but the other is still going to (graduate) school, is any kind of deduction ...
3
votes
2answers
58 views

Can I use an FSA from multiple employers in a year?

My current employer offers an FSA. For 2014 I have opted to contribute the maximum allowed which is $2,500. If, after using that $2,500, I switched employers and they also offered an FSA would I be ...
2
votes
1answer
52 views

Over contributed to Dependent Care FSA for 2014

My husband and I just realized that we both contributed to our employer's Dependent Care FSA for 2014. He put in the maximum allowed $5,000 and I put in $3,600 for a total of $8,600. Unfortunately, ...
6
votes
1answer
121 views

Dependent Care Flexible Spending Account (DCFSA) over-contribution rules

During these days we have an enrollment period for 2014 benefits at my workplace. After this window, no changes will be allowed to my contributions selections. One of the benefits is a DCFSA. One ...
3
votes
1answer
538 views

If I don't participate in my employer-sponsored FSA, can I open my own HSA?

My employer offers/manages an FSA (Flexible Spending Account) as part of my health care plan. I put in $800 last year and barely managed to use it up, including expenses in the allowed grace period ...
4
votes
4answers
301 views

What's the best way to handle FSA transactions in light of a pregnancy?

If a worker makes contributions to a dependent-care Flexible Spending Account, and that worker expects she will be on maternity leave for a portion of the year, much of which will be "unpaid", what is ...
7
votes
3answers
24k views

If I leave my job, what happens to my flex spending account?

I am about to decide how much money to set aside for my 2013 Flexible Spending Account (FSA). (The max this year is $2500.) But I am wondering what happens if I switch employers during the year. Does ...
3
votes
2answers
120 views

Who should claim Flexible Spending Account in a household

Suppose my wife and I both can claim FSA but the max is 5k. And suppose we both have two dependents on our w-4. The big difference is lets say I get paid 100k and she gets 50k. Who is the better ...
4
votes
4answers
129 views

Can a single medical expense be reimbursed from multiple flexible spending accounts?

My flex account has a grace period until March 15. So operations done before March 15 can be submitted towards last year's (2011) flex account or this year's (2012) flex account. But what if last ...
1
vote
1answer
316 views

Is it possible to use an FSA to pay for an individual health plan's premium?

I'm asking a follow-up to my other question... I'm currently enrolled in an FSA for my employer sponsored health plan. I'm considering leaving that health plan in favor of an individual (non-HSA) ...
2
votes
1answer
461 views

Why would I enroll in a Limited Purpose FSA, on top of an HSA?

Open enrollment is coming up and I have the option to open both an HSA and a limited purpose FSA, which only covers dental and vision expenses. Why would I participate in both?
9
votes
1answer
489 views

Difference between Health Savings Account (HSA) & Flexible Spending Account (FSA)?

What is the practical difference between a Health Savings Account and a Flexible Spending Account? What are the pro's and con's of each, and are there situations where either is best?
6
votes
2answers
247 views

What are some good ways to spend FSA money?

I have an FSA and contributed $400 to it. I made this decision in October, thinking that I would need some dental work in the coming here. Two weeks after submitting my form, I chipped the tooth and ...
5
votes
1answer
324 views

How can we use up our Flex Spending Account (FSA) before the end of the year?

My husband and I signed up for a Flex Spending Account for the first time this past year. We've got about $100 left over now, in mid-November, and I've been told that money will disappear if we don't ...