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The IRS determines which expenses can be reimbursed by an FSA. To find out which expenses are covered by FSAFEDS, select the account type you have from the list below: Health Care FSA; Limited Expense Health Care FSA; Dependent Care FSA; These lists are extensive and represent the most common types of expenses, but they are not all-inclusive.
So rather than watch that hard-earned money simply go kaput, we’ve rounded up some useful, FSA-eligible expenses at the FSA Store to shop before the deadline.
An employee who chooses to participate in an FSA can contribute up to $3,200 through payroll deductions during the 2024 plan year. Amounts contributed are not subject to federal income tax, Social Security tax or Medicare tax.
From A to Z, items and services deemed eligible for tax-free spending with your Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Arrangement (HRA) and more, complete with details and requirements.
Eligible expenses. Is your flexible spending account (FSA) plan year almost over? Shop FSA Store. If you are enrolled in a Limited Medical FSA or Combination Medical FSA, your eligible expenses may be different. Check your plan details for more information.
For 2024, employees can set aside up to $3,200 for healthcare FSAs, which they can then use on eligible medical expenses. 1. The Internal Revenue Service (IRS) determines what’s considered an eligible medical expense. 2 Read on to see what items and expenses are FSA-eligible and where you can use your FSA dollars.
The following is a list of expenses currently eligible and not eligible by the Internal Revenue Service (“IRS”) as deductible medical expenses. This list is not necessarily inclusive or exclusive, and may be subject to change based on regulations, IRS revenue rulings and case law.
Need to use up the last of your FSA funds? Here some unexpected FSA-eligible items that are worth every penny.
A list of common, new, & surprising HSA & FSA-eligible qualified medical expenses to help avoid use-it-or-lose-it unspent FSA funds.
Please visit the IRS website and review the Eligible Expense List on your member portal for more information. See our list of FSA eligible expenses. Your Flexible Spending Account can help cover hearing aids, flu shots, crutches, and more.