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 my FSA account.
My employer doesn't offer a grace period when the year ends to spend the money in the account.
If the surgery costs $5,000, can I pay for all of it out of pocket and then reimburse myself $2,500 the first year, and then the remaining $2,500 the next year, or do I have to reimburse the bill all at once?
If this is not an option, then what other options could I have to cover the entire surgery with my FSA account?