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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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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/...
leenad's user avatar
  • 11
1 vote
1 answer
721 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 ...
user avatar
1 vote
0 answers
97 views

My husband's company signed him up for a LIMITED FSA (Vision & Dental only) vs. a regular one. THEIR fault. Can it be fixed?

My employer has amazing medical insurance so my husband & I are covered for medical through them. He has dental and vision for us through his employer and also contributes to an FSA (since he ...
Carol Dillon's user avatar
1 vote
1 answer
156 views

When does the IRS typically announce health FSA contribution annual limits?

Based on this and this, as of November 6, 2023, the IRS still has not announced the health FSA contribution limits for the year 2024, even though most private employers have already begun their open ...
Very Tiny Brain's user avatar
1 vote
0 answers
223 views

FSA - prepay installment plan for orthodontics - okay on flexible spending account?

Let's say $2,000 is still owed on an orthodontic payment plan which is set to have monthly payments of $250/mo. Assuming there is $2,000 left available on an FSA, can it be used to pay off the rest? ...
g491's user avatar
  • 145
1 vote
0 answers
143 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 ...
Alex's user avatar
  • 11
1 vote
0 answers
50 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 ...
SAH's user avatar
  • 353
1 vote
1 answer
603 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 ...
CMilian's user avatar
  • 13
1 vote
1 answer
342 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?
unforgiven1987's user avatar
0 votes
1 answer
1k 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 ...
VK_217's user avatar
  • 103
0 votes
1 answer
98 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 ...
dakre18's user avatar
  • 207
0 votes
2 answers
2k 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 ...
user avatar
0 votes
1 answer
146 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 ...
Heather Rose's user avatar
0 votes
1 answer
212 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,...
Anon 'mous's user avatar
0 votes
1 answer
91 views

What should I do if my Dependent Care FSA amounts are inconsistent?

Box 10 (for dependent care FSA) shows $4423. I elected, contributed, and was reimbursed 5000 according to the benefit provider, but only actually had 4423 withheld according to the payroll provider. ...
Octavian's user avatar
  • 143
0 votes
2 answers
79 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 ...
Anthony L Chamberlain's user avatar
0 votes
1 answer
511 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 ...
Kurt Peek's user avatar
  • 499
0 votes
1 answer
72 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 $...
financial_noob's user avatar
0 votes
1 answer
52 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 ...
OPK's user avatar
  • 101
0 votes
1 answer
579 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'...
firstmute's user avatar
0 votes
1 answer
3k 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, ...
Carlos Bribiescas's user avatar

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