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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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1 answer
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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 ...
gammapoint's user avatar
3 votes
1 answer
668 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?
Seve Konz's user avatar
3 votes
2 answers
167 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 ...
Dan's user avatar
  • 131
3 votes
1 answer
69 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 ...
oyeankur's user avatar
3 votes
1 answer
443 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 ...
Daryl's user avatar
  • 131
3 votes
0 answers
147 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 ...
brian's user avatar
  • 31
3 votes
1 answer
1k views

Reimbursement from insurance after FSA reimbursement received

A couple months ago, I had a dental appointment and, since my dentist is not in-network, I had a substantial bill. I submitted this expense to my flex spending account (FSA) for reimbursement, and I ...
AugerAlpha's user avatar
2 votes
4 answers
239 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, ...
painter48179's user avatar
  • 2,761
2 votes
2 answers
461 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 ...
user3424232's user avatar
2 votes
1 answer
244 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 ...
Shawn's user avatar
  • 263
2 votes
1 answer
51 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, ...
goofyui's user avatar
  • 1,117
2 votes
1 answer
120 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) ...
fltfan's user avatar
  • 23
2 votes
2 answers
2k 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 ...
cmhodge's user avatar
  • 21
2 votes
1 answer
2k 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 ...
Kim Y's user avatar
  • 21
2 votes
1 answer
306 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 ...
JoshDM's user avatar
  • 125
2 votes
1 answer
4k 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, ...
New user 5's user avatar
2 votes
2 answers
1k 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) ...
Tim Reddy's user avatar
  • 362
2 votes
1 answer
5k 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 ...
Philip's user avatar
  • 910
2 votes
1 answer
2k 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 ...
lesley's user avatar
  • 21
2 votes
1 answer
52 views

With a Dependent FSA, are expenses incurred in the current calendar year, but before mid year enrollment eligible?

In the United States with a Dependent FSA, are expenses incurred in the current calendar year but before mid-year enrolment eligible? e.g., if I enroll in November for the 2021 calendar year, are ...
MonkeyBonkey's user avatar
2 votes
1 answer
77 views

Where can I find a definitive list of FSA/HSA qualifying expenses?

I was recently informed that the Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the list of eligible HSA/FSA expenses to include things such as feminine hygiene products and over ...
M. Justin's user avatar
  • 121
2 votes
1 answer
171 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 ...
d0001's user avatar
  • 123
2 votes
2 answers
7k 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 ...
Brock S.'s user avatar
  • 121
2 votes
1 answer
4k 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 ...
enderland's user avatar
  • 4,186
2 votes
2 answers
475 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 ...
user16326's user avatar
2 votes
1 answer
279 views

Flexible Spending Account to pay medical loan from earlier year?

I'm considering a surgery which would be covered by an FSA account. However I have not contributed anything to my FSA account, and it would take two years of max allowed amount ($2,850) to cover the ...
Arya's user avatar
  • 141
2 votes
1 answer
109 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 ...
Kevin's user avatar
  • 2,602
2 votes
1 answer
3k 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 ...
Joe's user avatar
  • 35.8k
2 votes
1 answer
3k 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 ...
HelpEric's user avatar
  • 159
2 votes
1 answer
347 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....
SeattleOrBayArea's user avatar
2 votes
1 answer
2k 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 ...
user30007's user avatar
2 votes
1 answer
1k 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?
Questions's user avatar
2 votes
0 answers
136 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 ...
magu_'s user avatar
  • 163
2 votes
0 answers
1k 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 ...
Bernandilo's user avatar
2 votes
1 answer
471 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?
Matthew's user avatar
  • 3,150
1 vote
1 answer
450 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?
Anna K's user avatar
  • 11
1 vote
1 answer
193 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 ...
user avatar
1 vote
2 answers
140 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 ...
David's user avatar
  • 13
1 vote
1 answer
574 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 ...
Vanessa Dennis's user avatar
1 vote
1 answer
387 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 ...
Engineer2021's user avatar
1 vote
1 answer
55 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? ...
Sam Shults's user avatar
1 vote
1 answer
96 views

Dependent Care FSA Payment - Bill Before End of Plan, Due Date After Plan Year Ends

My Dependent Care FSA plan year ends on 3/31/21. The plan says the last day to incur expenses is 3/31/21 and the last day to submit requests is 6/30/21. If I get a bill sent to me before 3/31/21 with ...
thecoolmacdude's user avatar
1 vote
1 answer
108 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 ...
John Jiang's user avatar
1 vote
1 answer
246 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 ...
jxramos's user avatar
  • 1,431
1 vote
2 answers
193 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 ...
EJoshuaS - Stand with Ukraine's user avatar
1 vote
1 answer
580 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 ...
Liz's user avatar
  • 11
1 vote
1 answer
5k 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 ...
user40673's user avatar
1 vote
1 answer
66 views

Dependent Care FSA prepayment in the same year?

My child's care is $1,900 a month. If I sign up for a Dependent Care FSA, I'm told that the funds are immediately available for use in the coverage year. Can you pay on January 1 2024, the full $5,000 ...
Evan Carroll's user avatar
1 vote
2 answers
239 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 ...
user662852's user avatar
  • 8,389
1 vote
1 answer
79 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 ...
John Orosz's user avatar