Flexible Spending Account: Mid-year check in
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Your Mid-Year FSA Check-In! June 30 th is the mid-year deadline for most people with Flexible Spending Accounts (FSAs)!
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Transcript of Flexible Spending Account: Mid-year check in
Your Mid-Year FSA Check-In!
June 30th is the mid-year
deadline for most people with
Flexible Spending
Accounts (FSAs)!
Simple Steps To Use an FSA
What’s an FSA deadline?FSAs have yearly deadlines by which you must use the money you set aside. For
some that deadline is June 30!
Remember 2 quick steps to maximize your FSA:
•Check your balance•Spend down remaining FSA dollars before 6/30!
Check Your Balance
Review your FSA balance regularly.
Are you using an FSA for doctor’s visits, dental and eye care?
What about medical products? You can shop for thousands of products at FSA Store!
Life Changes
Have you experienced any big life changes? You could update your FSA contribution to reflect them (if
your plan allows for it). Mid-year changes could include:
1. Getting Married2. Having a baby3. Switching jobs4. Residential Changes
How to Use Your FSA: Doctor’s Visits
Your FSA can cover a wide range of healthcare expenses including: 1. Coinsurance2. Deductibles3. Co-Payments4. Physical Exams and other consultations
How to Use Your FSA: Specialists
Pay for medical specialists that may not be covered under health insurance. Your FSA could cover:1. Chiropractic Care2. Acupuncture3. Fertility/Infertility Treatment4. OrthodontiaCheck out FSAstore.com’s Eligibility List for more ideas!
How to Use Your FSA: Basic Medical Necessities
Instead of paying out-of-pocket for everyday necessities like bandages, pain relief medications and contact lens care, why not use your FSA?
Save up to 40 percent on FSA eligible products by using tax-free funds at FSA Store. Over-the-counter medicines now require a prescription, so be sure to visit a doctor before you shop, or use our Prescription Process at checkout.
How to Use Your FSA: Travel Necessities
Your FSA can cover a huge range of medical products handy for the road or when traveling.
Consider FSA eligible travel necessities like:
1. Sun care items (Sunscreen, lip balm)2. First Aid Kits3. Contact Solution4. Pain Relief Medications5. Cold and Allergy Supplies
Stay On Top of Your FSA this June!
As the mid-year mark passes, this is the perfect time to make any necessary changes to your FSA and spend your tax-free funds on the products you need most!
Contact your FSA administrator to go
over your balance and how to spend your funds to make the
most of your flexible spending account!
