Questions tagged [fsa]

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

4
votes
1answer
91 views

Cannot be reimbursed by commuter benefit FSA after being let go?

I spoke with support for the commuter benefits card that I was using with my prior employer. I have until June 30th to request these funds to be reimbursed as is typical with an FSA. When I applied ...
0
votes
1answer
44 views

How to manage FSA Dependent Care

What is a good strategy to manage FSA Dependent Care accounts. Since the money is "use it or lose it" I want to make sure that I use all of the money I put into that account. The max contribution is $...
3
votes
2answers
100 views

Who determines what is FSA Eligible?

I have a Limited Purpose Flexible Spending Account and I recently added its debit card to my Amazon account which has an FSA eligible store. Items are explicitly marked FSA eligible like shown in the ...
2
votes
1answer
58 views

Could my FSA from my previous job disqualify me from doing an HSA with my new one?

I had my previous job 2015 through August 2018. Near the start of the job, I remember contributing something like $200 to an FSA. I regretted my decision (since I hate dealing with FSA complications) ...
0
votes
1answer
25 views

Dependent Care FSA mid year election

We have a dependent care FSA in 2018 via my company sponsored plan and I contributed $5000 for 2018. My open enrollment started recently and I realized my company has put a limit on my contribution ...
1
vote
2answers
94 views

How are FSAs handled when you change jobs?

For my 2019 benefits from my company I enrolled for $1000 in an FSA account. So as of Jan 1 I have $1000 available to spend, but in late Feb. I changed jobs and I have one more check being issued to ...
1
vote
1answer
39 views

How do I submit receipt for FSA reimbursement for my spouse's medical expense?

I and my two children are under Kaiser, while my husband is under a different medical plan (BlueShield of CA). I enrolled in medical FSA while he is not. I read online that his medical expense can be ...
3
votes
1answer
110 views

FSA pre paid to dentist

I am leaving my company. I have $1650 in my fsa that is available for use. I would like to pre pay my Dentist for services from my FSA card. Is that ok to do?
1
vote
1answer
973 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 ...
6
votes
1answer
81 views

Using a healthcare Flexible Spending Account at the same time as a Health Savings Account?

Here is my situation: I have the high deductible insurance plan. The coverage includes my wife, dependent daughter and mysef. I contribute to an HSA. My wife has her own insurance through her ...
1
vote
2answers
95 views

Dependent Care FSA versus Childcare Tax Credit

I have a two week old newborn. In reviewing my employer's benefits within the 30 day life event window, I have noticed we have a Dependent Care FSA, which seems an exciting benefit that I was not ...
2
votes
1answer
90 views

How much can we put into flexible spending account

My wife and I are going through a divorce, which will not be finalized before the end of 2018. We have three kids together and will be splitting custody. Both of us are trying to enroll in benefits ...
3
votes
2answers
192 views

How is an FSA's total annual amount of contribution available on the first day of coverage?

I'm walking through my open enrollment documents and there's this part that surprises me... Is the annual amount of the contribution available on the first day of coverage? HSA: No. Only the ...
1
vote
0answers
30 views

Health Management Reimbursement Accounts (HMRAs / HMAs)

I recently heard about an interesting alternative to HSAs called "Health Matching Account Services" ("HMRAs"/"HMAs"). However, most of what I can find out about them is on the very website of their ...
0
votes
1answer
116 views

Can we have both HSA and DCFSA

I was covered by my wife's HDHP with HSA plan from her employer with a deductible of 2500 (individual)/5000 (family). We recently became parents of a beautiful baby girl.I want to opt for health ...
7
votes
1answer
235 views

Switch from HSA/Limited FSA to FSA only

In 2016 I had a High Deductible Health Plan/HSA and a Limited FSA through my employer. For 2017 during our open enrollment I decided to not use a HDHP, and chose a PPO Plan. In addition, I selected a ...
5
votes
3answers
23k 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
4answers
117 views

Tax advantage of FSA reimbursement vs. FSA direct payment

I signed up for an FSA for dependent care from my employer. The company that manages the FSA has informed me that the only way I can use my funds is for me to pay upfront using a regular credit card, ...
2
votes
2answers
67 views

Can a single expense be split between my and my spouses flexible spending account?

One of us got hearing aids this year which cost $4500. Can I submit this to my FSA and get the total amount I have for that account ($2600), and then let my spouse submit a claim on the spouses ...
1
vote
1answer
95 views

Changing FSA vs HSA contributions mid-year

Am I understanding things properly that HSA's allow arbitrary annual contribution changes mid-year so long as they are within the maximum amount for that year while for FSA accounts you elect your ...
0
votes
1answer
127 views

Switching benefits provider from HSA to FSA. Can I continue to claim the cost of my LASIK surgery?

I joined my current company in January and chose a Kaiser Permanente health insurance plan with a Health Savings Account (HSA), and chose the maximum contribution of $3,450 per year. The contributions ...
1
vote
1answer
231 views

Self employed FSA options

I am self employed in Ohio and on my husband's insurance. Is there an FSA type account that I can set up? We do not have a High Deductible medical plan so the MSA will not work for me either. I ...
3
votes
1answer
207 views

Eligible Expenses for Dependent Care FSA

I have a similar issue as this question (Can I pay past expenses using an FSA opened midyear?) but with a Dependent Child FSA. Child had preschool expenses Jan - May. Had full amount elected, but I ...
0
votes
1answer
94 views

FSA or Personal HSA

Our employer (a hospital) only offers an FSA. Which recently switched when the insurance company changed. I am having to fight tooth and nail and spend hours submitting forms, phone calls and ...
2
votes
2answers
142 views

Switching doctors, can I get a refund of the FSA money and pay another doctor?

I want to switch from doctor 1 to doctor 2 for a dental procedure. I have paid doctor 1 around $3500 from FSA over two years since this procedure is costly and long, so I've been making advanced ...
6
votes
3answers
1k views

What is the rationale behind an FSA being “Use it or Lose it”?

One of the biggest gripes most people have with the Flexible Spending Account is the rule that you must "Use it or Lose it". This can lead to people frantically running around just before their money ...
19
votes
2answers
4k views

Laid off. Had FSA overages that I wasn't aware of. Can they collect?

I was abruptly laid off, and I wasn't aware of the FSA overages until after my departure. I realize I'll sound like a weasel, but can they collect? They paid out more than the annual limit and they ...
0
votes
1answer
287 views

Small business: offering an FSA without an administrator

I work for a very small company (only 2 other employees) that pays well but offers no benefits. I'd really like my employer to offer me a Dependent Care FSA. I'm sure he'd agree as long as it 1) doesn'...
21
votes
3answers
8k views

Is it mandatory to have health insurance?

Is it mandatory to have health insurance? Assuming that I contribute $200 monthly, which for 12 months is costing me around $2400, and don't use the insurance, then having only FSA with a fixed ...
11
votes
5answers
33k 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 ...
11
votes
1answer
627 views

I have both an FSA and HSA. How can I fix this mistake?

Expecting a lot of medical expenses in 2017, I signed up for both the medical FSA and HSA offered by my employer. Unfortunately, my employer did not mention that it was against the rules to have both. ...
2
votes
1answer
564 views

Married filing separately: Can I have an FSA while my husband has an HSA?

If my husband and I file our taxes as married but filing separately and I am covered under his HDHP with HSA can I have an FSA through my employer? His employer will contribute $1400 to HSA but our ...
3
votes
1answer
87 views

401k deductions and ability to use a dependent care FSA

My wife works part-time, and typically makes around $20k per year doing so. We try to put as much of her income as we can into her 401k, so that'll be $18500 next year. Next year we're considering ...
4
votes
1answer
498 views

Dependent Care FSA: What if my spouse is a full-time student AND works?

I work full-time. My employer provides access to a dependent care FSA. My wife goes to school full time and as a result we have dependent care expenses for two eligible dependents. She also works part ...
3
votes
2answers
133 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 ...
7
votes
6answers
29k 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 ...
5
votes
1answer
1k views

HSA/FSA, changing health plans mid year, concurrent coverage

My family is on the HDHP offered by my employer which has both an HSA and an LPFSA. The plan is on a calendar year (Jan 1 - Dec 31). We want to move to the plan offered by my wife's employer which not ...
2
votes
1answer
990 views

Does year of payment matter for Dependent Care FSA?

I have a Dependent Care FSA at work, and have exhausted the funds for this year during the first half of the year (as I typically do). I will be eligible to use it for one more year, as my youngest ...
4
votes
1answer
292 views

Can my former employer reimburse my FSA expense due to their error?

Ok, so this is a bit convoluted. To be clear, this is not a "use it or lose it" question, nor is it a question of overspending contributed amounts before leaving (I'm well aware of how all that works)....
5
votes
2answers
129 views

Are there tax-advantaged accounts (e.g. HSA, FSA) for retired Social Security recipients?

Medicare doesn't cover 100% of my medical and dental expenses. Is there a tax advantaged plan I can start to contribute to in order to pay them? I have no employer to 'offer' one.
3
votes
1answer
134 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
1k views

FSA Limits after switching employer, employer has non-calendar benefits year

I have recently left a job in mid January where I had signed up for an FSA in the previous election period. At the end of January I also enrolled in an FSA. I found out that at my new company, the ...
1
vote
2answers
116 views

How do you budget for medical expenses if you pay most of your medical expenses from a FSA?

In the past, I've had separate line items for drugs, medical expenses (e.g. copays for doctor's visits), and insurance premiums. However, I now have a medical FSA and am paying most of my medication ...
2
votes
1answer
5k views

Is FSA spending eligible if the service is prior to Plan Year but the payment is within it?

Background: My employer's Plan Year is the fiscal year, so for this issue it concerns Sep 1, 2016 through Aug 31, 2017. We were expecting a baby in mid-Aug 2016, so knowing charges would be coming in ...
0
votes
1answer
161 views

FSA Rollover Funds - Leaving Company

I had $600 left over in my WageWorks Health Care FSA at the end of 2016. I am not contributing anything in 2017. WageWorks tells me that $500 will roll over after the window to submit 2016 claims ends,...
1
vote
0answers
100 views

Claiming FSA money for a nanny share?

We are two families (A & B) going for a nanny share (1 child each). A will be the principal employer where her paystubs come from (children will always stay at A's house, A has the insurance and ...
5
votes
2answers
89 views

Am I eligible to use a dependent care FSA if my spouse works half-time and goes to school half-time?

I work full time. If my wife worked full time we would be eligible to use a dependent care FSA. If my wife went to school full time we would be eligible to use a dependent care FSA. But my wife works ...
3
votes
1answer
164 views

What happens with my HCSA contributions if I leave my job on disability and then return later in the year?

Health care spending account contribution balance as of 1/1: $2500. Major Health issue + expenses. Went to short-term disability on 2/2. Spent the whole $2500 in my HCSA by 2/10. My total contribution ...
0
votes
1answer
243 views

Does WageWorks / FSA verify your claim submissions with your health provider?

I underwent a medically necessary treatment with my healthcare provider as soon as my insurance went into effect for the current period, and paid via an FSA card. Shortly after, I was required to ...
2
votes
1answer
4k 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 ...