We all have health care expenses. But are you spending money you don’t have to? If you were buying a pair of eyeglasses, and you could pay $70 or $100 for the exact same glasses, what would you choose to pay? $70, right?

That’s how Flexible Spending Accounts work. You put money into an FSA, and then you use that money to buy health-related items the IRS deems “eligible.” You save money by using funds that aren’t taxed. If you aren’t convinced, do the math!

  • Contribution limits


    A Health Care FSA allows you to save money on a before-tax basis for eligible health care expenses.

    2026 limits: $3,400/year maximum

  • Claim deadline


    Use funds from January 1 through March 15 of the following year. File claims by April 30.

  • “Use it or lose it” rule apply?


    If you don’t use the money in your Health Care FSA by the end of the plan year you will lose it. Estimate your expenses carefully.

    Yes.

  • Unused funds carry over?


    Some plans allow you to carry over up to $500 to use the following year (unused funds above $500 are forfeited). If your plan does not allow the $500 carry over, all remaining dollars after the claim deadline will be forfeited.

    No.

  • What expenses are eligible?


    Generally includes medical, prescription drug, dental, and vision deductibles, copays, coinsurance, and additional qualified expenses. See IRS Publication 502 for full details.

    An account which you may set aside pre-tax dollars to pay for out-of-pocket health and dependent care expenses. The healthcare account may be used for non-reimbursed medical/dental expenses such as deductibles, copayments, etc.

    • Acupuncture
    • Ambulance
    • Chiropractors
    • Copays/Coinsurance/ Deductibles
    • Crutches
    • Dental Expenses
    • Diabetic Supplies
    • Fertility treatments
    • Healthcare equipment
    • Hearing aids and Batteries
    • Laser Surgery for Vision
    • OTC Medical Supplies
    • OTC Drugs (Pain Relievers, Antacids, Cold & Allergy) Orthodontia
    • Prescription Sunglasses
    • Psychiatric Care

    • Smoking Cessation Programs

      * Please see IRS publication 502 for a full listing of eligible expenses.

Health Care FSA

Provider: WEX

Phone: 866-451-3399

https://www.wexinc.com/

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