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.

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3
votes
1answer
132 views

My dentist charged me for PPE and my insurance won't cover it. Can I use my FSA to pay for it?

I recently visited my dentist for my semi-annual checkup. The checkup is covered by my insurance, but when I reviewed the EOB after the visit I noticed a $20 charge with code D1999/Unspecified that my ...
0
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0answers
13 views

Understanding Dependent Care Flex Spending Account on Tax Return

I am trying to understand why my accountant added my Dependent Care Flex Spending Account (FSA) total to my earnings on my tax return. With all the insanity surrounding COVID, I haven't been able to ...
5
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0answers
60 views

Is preschool closure (due to the pandemic) a qualifying event for Dependent Care FSA?

I'm trying to figure out of closure of my daughter's preschool meets the qualifying event criteria so that I can reduce my dependent care FSA contributions. I've read a few places online that change ...
1
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1answer
26 views

HSA/FSA eligibility and Last Month Rule

Spouse has had an HSA eligible plan but because I had an non-limited FSA throught my employer we had not been able to contribute to the HSA. Last year we decided to get rid of the FSA, the FSA ...
1
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2answers
73 views

Submitted one medical expense to two FSA acounts. How much trouble am I in?

Both myself and my spouse have FSA accounts through our jobs. We both submitted the same medical expense to each of our individual accounts. Is there a penalty for doing that? Do FSA companies submit ...
0
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0answers
16 views

Can Employer Change FSA Carryover Option?

If an employer has decided not to allow the optional carryover for FSA, is it allowed to change this decision during the plan year? If so, under what circumstances?
1
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0answers
30 views

Hospital Payment Plan - FSA account

I have a large hospital expense coming up in the next week and was planning on signing up for a monthly payment plan. Currently, I am not enrolled in FSA account for the 2019-2020 period. We are in ...
0
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0answers
40 views

What can I do to avoid losing $2000 DFSA credit due to account mix up with another colleague's?

My wageworks account got mixed up with a former colleague's, since our names (both Chinese) are very similar. I discovered this last December, and have been in weekly contact with my HR department ...
3
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2answers
884 views

Opening an FSA with dormant HSA

A long time ago, I opened an HSA account. Now my employer is offering me an FSA account. So long as I don't contribute to the HSA account, can I keep it for later and only contribute to the FSA ...
3
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0answers
33 views

Dependent Care FSA Reimbrusement

I had FSA with past employer from Jan to Sept 2019 and then switched Job with new employer and started FSA amount with the rest of the limit. All my dependent care expenses were till Sept 2019 but ...
0
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2answers
40 views

Residual FSA account funds

Each year I put some money into my FSA which will allow me to pay for prescriptions (and other medical costs) tax free. The problem is, you lose any amount not used by the end of the year (or shortly ...
2
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1answer
73 views

Moving from Family HDHP/HSA, to individual HDHP/HSA and individual FSA?

A similar question was asked here, but in this case they were looking to move to a family plan. Wife has FSA with employer, and my new employer offers an HSA plan. What to do? My situation is my ...
1
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2answers
597 views

Does Dependent Care FSA limit reset if I change jobs?

Let's say I have contributed and used $5,000 in 2018 for my dependent care FSA. Late in the year, I get a new job. Can I contribute to the new account for 2018? According to Zenefit, the healthcare ...
4
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1answer
831 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
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1answer
51 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
556 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
71 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
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1answer
35 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 ...
2
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2answers
1k 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
49 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
145 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?
6
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1answer
126 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 ...
2
votes
1answer
93 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
209 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
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0answers
36 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
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1answer
522 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 ...
2
votes
4answers
140 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
169 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
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1answer
116 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 ...
1
vote
2answers
149 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 ...
0
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1answer
328 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
451 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 ...
0
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1answer
103 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
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2answers
197 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 ...
19
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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 ...
3
votes
1answer
296 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 ...
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
1answer
731 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
919 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
106 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
745 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 ...
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
2k 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
405 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)....
1
vote
2answers
131 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 ...
0
votes
1answer
345 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'...
5
votes
2answers
132 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
7k 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 ...
1
vote
1answer
2k 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 ...
0
votes
1answer
168 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,...