For questions that relate to flexible spending accounts in the USA, and any similar accounts in other jurisdictions. Use with an appropriate country tag.

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3
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1answer
37 views

My employer changes the fsa plan year. What happens to me?

My employer will change from a July-June plan year for my fsa to a January to December plan year. I have already used up a 2500 dollar allowance for July 2015 to June 2016. What does this mean for the ...
1
vote
1answer
35 views

Rebates and FSA's

We signed up for an FSA this year, but usually pay cash for D's prescription and get the rebate. It's a significant amount of money. It takes the copay from $160 to $25. I'm just so used to submitting ...
1
vote
0answers
63 views

How do I handle forfeited dependent care FSA money on my taxes?

I forfeited $1300 in dependent care FSA (missed deadline). I spent $3800 total on daycare expenses. $1300 showed up on my W2 form. I use Turbotax. Do I need to do anything different on my tax forms ...
1
vote
1answer
40 views

Is information on my Dependent Care FSA claim form shared with the IRS?

What happens after I list my nanny's personal information with the FSA to claim dependent care reimbursement? Is this information shared with the IRS and will she be responsible for taxes?
1
vote
1answer
46 views

Can my spouse and I file jointly if I have an HSA and she has an FSA?

My spouse has an FSA account, and I have an HSA account. We are on separate health insurance (mine is eligible for an HSA account). Are we allowed to file jointly or do we have to file separately?
3
votes
1answer
40 views

Clarification on opening a Flexible Savings Account

I haven't opened the FSA account during the open enrollment period. Now I have some medical expenses. I might have to pay more than $500 from my own pocket. When I checked with my insurance agent, ...
0
votes
1answer
47 views

Is it possible to shift taxable wages on a tax return?

To clarify my intentions first, this is strictly a question I had out of curiosity. To start, this does relate to my tax return, but here is the situation. This is the first year I started to use a ...
3
votes
1answer
79 views

Would parking at a parking lot near or in my residence prevent me from paying for it with my transit FSA?

So: The IRS defines Qualified Parking as parking at or near your place of employment. It also includes parking on or near the location from which an employee commutes to work using public transit, ...
3
votes
1answer
94 views

How does FSA work in case of change in employment?

I have a Dependent Care account with WageWorks from my previous company. I left my previous company in July'15. There are still $2000.00 in WageWorks account. Now WageWorks is not letting me claim any ...
1
vote
1answer
33 views

Service in 2014; Billed in 2015 for Balance; Can I pay from 2015 FSA Funds?

My son went to the dentist on 9/22/2014. After the insurance paid a portion of the $125 fee, I was billed $53.60 on 2/25/2015. I submitted my FSA card to cover the balance on 3/12/2015. When the ...
1
vote
1answer
206 views

Accidentally contributed to a dependent care FSA instead of health/vision FSA, what are my options?

I put $750 into what I thought was a health/vision limited FSA this year through my employer. Apparently, this is actually a dependent care FSA. I don't know how this happened (whether it was my error ...
2
votes
1answer
70 views

If both spouse employers offer dependent care FSAs, can I use both for the same child?

My employer offers a $5000-cap FSA for using pre-tax dollars for dependent care reimbursement. My spouse's employer offers an identical plan. Different employers. Our annual dependent care expenses ...
0
votes
2answers
339 views

Can I deduct the cost of LASIK eye surgery from my taxes?

I was planning on putting some money aside into an FSA account to cover LASIK. However, I found out that under current rules, there's a maximum of $2,550 that can be put aside for the year, which does ...
5
votes
1answer
288 views

Is there any state tax (California) advantage to putting money into a limited purpose FSA versus putting it all into an HSA?

For example, I will not be contributing enough to max out my HSA contributions, so would there be any benefit to putting extra money for my child's braces into the LPFSA, or should I just put it all ...
5
votes
1answer
100 views

Can I claim FSA/CDCTC for expenses for a day school where my wife works?

A church offers a day school for nursery to preschoolers, in which our eldest child (3) is enrolled, (and we pay totally out of pocket as my wife is currently a full-time mom. My wife is considering ...
5
votes
1answer
217 views

For dependent care benefits, what's the dividing line between “camp” and “music lessons”?

For dependent care benefits, what's the dividing line between an eligible expense and one that's not? According to IRS publication 503, "The cost of sending your child to a day camp may be a work-...
1
vote
1answer
56 views

FSA dependent care for preschool

in short, can I claim FSA dependent care for my preschool going toddler. I work but my wife does not. Does it matter in claiming it? I read irs page but I didn't understand. Can someone explain please....
3
votes
1answer
50 views

HSA and FSA Concurrently

Our family's health insurance is through my wife's job and it is a high deductible plan. She opened and started contributing to an HSA in 2014. I started contributing to an FSA through my job in 2015 ...
1
vote
1answer
128 views

Flex deduction in paycheck 2015

My last day of work is 7/21/15, and the pay period ends on 7/26/2015. now Would the checks received after 7/21/2015 have money deducted for HSA since I can not submit any expenses incurred after 7/...
1
vote
1answer
100 views

flex spending when transitioning from full time to perdiem

I am moving from a full time position with health benefits and $2500 in flex spending to a perdiem position. I gave my notice to decrease from full time to perdiem without benefits as of 7/6/15. How ...
0
votes
1answer
68 views

Healthcare / FSA: Lost job. Have expenses from earlier an the year that I have not submitted

(Maybe relevant: I'm in Texas.) My position was terminated last week. Yay. I have a little over $12000 in medical expenses for this year, most of which I had not yet gotten around to submitting. (I ...
2
votes
0answers
295 views

Dependent care FSA: Paying a grandparent for providing childcare?

I have a dependent care FSA account that I set up. Both my wife and I are employed. I would like to use this money to pay for my child's care at home by his grandmother. I already know that I can ...
2
votes
0answers
60 views

How do I gracefully transition from a standard medical plan to an HDHP with a non-calendar plan year and multiple FSAs?

My family is on my wife's insurance and FSA which is on a non-calendar plan year (June to July), with the additional FSA through my employer which is on a standard calendar plan year (January to ...
1
vote
1answer
125 views

Can I use FSA funds to pay for expenses outside of insurance start period?

I started a new job on February 2, 2015. But my plan year starts on October 1, 2014 and goes until September 30, 2015. I had a doctors visit that I will have to pay completely for because I was not ...
3
votes
2answers
4k views

Can I enroll in an FSA if my employer doesn't offer it?

I'm really REALLY interested in opening an FSA. I've asked my employer and they say they don't offer it. We have insurance through them with BCBSGA. It isn't a HSA qualified plan. So is there a way to ...
2
votes
1answer
927 views

Can I submit a hospital bill for reimbursement from my FSA if I am on a 12mo payment plan?

I have roughly $1500 in hospital bills. I called them and said that is too much for me to pay right now and they offered to split the payments over 12 months. Can I immediately submit the bill to my ...
2
votes
1answer
873 views

Flex spending accounts and hsa when changing jobs

I have 2 issues related to a job change and my FSA with my previous employer I gave a two week notice on 2/23/2015. The employer chose not to keep me in the office for those 2 weeks, but would pay ...
0
votes
1answer
140 views

How does an FSA work with rebates? [duplicate]

I have an FSA and I used it to buy my contact lenses recently. The contacts come with an offer for a rebate if you buy a whole year supply, which I did. Is the money I get from the rebate tax-free, ...
3
votes
2answers
53 views

Can I enroll in FSA after losing coverage due to my father losing his job?

I am being allowed by my employer to enroll in a Health Insurance plan outside of the open enrollment period or new hire period due to an Involuntary Loss of Coverage (my father lost his job and I was ...
5
votes
1answer
2k views

Wife has FSA with employer, and my new employer offers an HSA plan. What to do?

Current Situation My wife currently has a general health FSA with her employer. The fiscal year started on October 1. We have spent about a third of the money in the account, but she obviously has ...
1
vote
1answer
234 views

Can I use an FSA account to reimburse myself only a portion of a medical expense?

I'm planning on getting LASIK Eye Surgery. I'm expecting the cost for both eyes to be around $5,000 so the $2,500 contribution limit per year the IRS imposes prevents me from covering all of it with ...
3
votes
2answers
168 views

Are medical deductions and FSAs mutually exclusive?

I understand that medical expenses in excess of 10% of gross income can be deducted with a Schedule A. Can I do this even if I use a medical FSA (excluding the reimbursed part, of course)? For ...
3
votes
1answer
888 views

Can I pay past expenses using an FSA opened midyear?

In my old job I had a HDHP and HSA. Midyear, I started a new job and switched to a standard insurance plan and an FSA. Can I submit receipts for expenses from January to the FSA that I just opened in ...
3
votes
2answers
102 views

What are some pre-tax programs similar to FSA that I can take advantage of?

I recently found out about Flexible Spending Accounts and was surprised to learn they could be used for Lasik, essentially saving me a good portion of the cost by making that income not be taxed. Are ...
2
votes
1answer
141 views

Can I claim the child care tax credit in addition to using a dependent care FSA?

Dependent care FSA is capped at $5000 annually and I use this entirely. The annual child care credit is $3000. If my expenses are over $8000, can I utilize both of these in the same calendar year?
1
vote
1answer
46 views

Flexplan - a company is taking over another, do I pay the balance?

A friend of mine works at a company which offers a flex-plan. Another company comes in and takes over the place they work at - do they have to suddenly pay the remainder of their flex plan balance? ...
6
votes
1answer
608 views

My company terminated me and closed my Flexible Spending Account

I was recently terminated from a job because they were eliminating my position. I was not terminated for cause. I had an FSA that I was contributing to and it has a balance of approximately 450.00. ...
1
vote
2answers
296 views

Flexible Spending Account & Job Change

I worked full-time for Company A from 01-01-14 to 03-14-14. I still work for Company A as an hourly, unbenefitted employee. I started full-time with Company B on 03-24-14. The insurance coverage for ...
2
votes
1answer
148 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
202 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 ...
6
votes
4answers
10k 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
716 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
569 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 ...
4
votes
1answer
2k 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
962 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 ...
19
votes
3answers
98k views

If I leave my job, what happens to my flexible 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
157 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
174 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 year'...
1
vote
2answers
758 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) ...
3
votes
2answers
1k 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?