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In today’s world, where many of us spend a significant amount of time indoors, the convenience of managing our eye care needs from home has become invaluable. Here’s how you can make the most of your vision benefits, FSA, and HSA dollars without stepping out: Understanding Vision Benefits, FSA, and HSA Dollars Vision benefits are […]

Usually, the FSA plans include a card or issue flex spending, but if yours doesn’t then the only way you can get your reimbursement is to submit your claims through your employer to the FSA provider. To do so you’ll have to keep all the receipts from the services you have brought and provide the […]

Your FSA eligible health care expenses are things that are not being covered by insurance, of course, your FSA plan may include many more services and items than just the “ones” not covered by the insurance. Also, you are not going to be the only one to benefit from your FSA fund, but your spouse, […]

The motto of FSAs is use-it-or-lose-it, and that is one of the downsides of the plan and handing back to the employer leftover FSA money is something nobody wants. Although there are two options that can save your funds and actually help you, they differ from employer to employer especially because no employer is obligated […]

Limited Purpose FSA or better known as a Limited Expense HCFSA, brings us the privilege to own both an HCFSA and HSA. The thing is that participants in the HSA plan weren’t eligible to own an HCFSA up until the Limited Purpose was brought up to the light. This helps the participants to save on […]

Having health insurance through your job and an FSA, can and will help you take better care of your eye health and will most definitely make your eye care way more affordable. For instance, your Flexible Spending Account will help you fund eyewear, as well as sight care accessories like glasses, sunglasses and contact lens. […]

The Dependent Care FSA is an important subject from its origins. Namely, it takes care of every American’s critical issue – taking care of our dependent elders and our children. While this usually can be a huge expense for many Americans, the Dependent Care FSA is designed to ease things a bit, especially because every […]

Designed only for submitting eligible dental and vision expenses, the Limited Expense HCFSA is used as a replacement for the old good HCFSA when the participant owns a High Deductible Health Plan with an HSA. This is so because the IRS doesn’t allow for the HSA participants to participate as well in the HCFSA plan. […]

It’s a well-known fact that there are three types of Flexible Spending Accounts so, let’s dig a bit more into the Health Care Flexible Spending Account. First of all, let clear out that the Health Care Flexible Account differs from the health savings account and the health reimbursement arrangement. The Health Care FSA is under […]

There are surprisingly many items and services covered by your FSA. However, you must have in mind that not all FSA plans are the same. For example, let’s imagine that all three FSA plans are the same so, why would there be three plans in the first place? Naturally, they all have some differences for […]

Your FSA will cover reading glasses and prescription eyeglasses, as well as contacts. The only FSA-eligible contacts are the ones designed to correct vision problems and not the ones purchased solely to change the eye color, as they are considered to be of cosmetically nature. Never mind that every insurance company can have a different […]

Flexible Spending Account is a special type of savings account which allows you as an employee to put to set aside a part of your regular earnings so that you can use the money for qualified expenses. Having in mind that the flexible spending account is tax-free you will save the money you’d normally pay […]