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Is the cost of my spouse's insurance premium reimbursable through my flexible spending account?
Wiki User
∙ 14y ago
Yeah, the cost simply reimbursable through your flexible spending account. I guess that that's just reality
Wiki User
∙ 14y ago
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Which type of health insurance plan has a use-it-or-lose-it feature?
flexible spending account
Can you have an Flexible spending account if you are on Medicare?
yes
Is it possible to get an individual Flexible Spending Account FSA as an independent contractor 1099?
An independent contractor can get a Flexible Spending Account (FSA) if they meet the qualifications to have an FSA. They must be covered under a high deductible health insurance plan and have no other health coverage. They can not be enrolled in Medicare or be claimed as a dependent on anyone's taxes.
What do the employee benefits consist of?
It depends on the employer and the size of the company.The benefits can include medical and dental insurance,life insurance,disability insurance,tuition reimbursement,flexible medical spending account,401k and paid vacation days.
Where does one learn more about the benefits of having a flexible spending account?
You can find out about the benefits of having a flexible spending account anywhere on the Internet. You can get good information on FinancialPlan. They tell you all the things about saving and budgeting.
Can you use a flexible spending account to by the electronic cigarette?
The FDA has not approved E-Cig's as a stop smoking device, some medical insurance companies do approve it. I guess it depends on who manages your account and your creativity on your taxes.
What can I spend with my flexible spending account?
You can only pay for medical expenses with your flexible spending account. You can pay for x-rays, prescriptions, doctors visits, hospital visits, and eye visits. Your company should have a list of all eligible expenses.
Can you use flexible spending account and claim medical expenses?
Yes but you can NOT deduct the medical expenses that are paid for from your FSA account.
Flexible spending account where does the leftover money go if you don't spend it?
The plan administrator gets it.
How do FSAs work in regards to health insurance?
A flexible spending account is a way of setting aside a portion of earning into a dedicated saving account. The most common type of FSA is a medical expense account. Used with health insurance, an FSA allows the investor to be prepared for life emergencies and pay as little as possible out-of-pocket expenses for medical bills.
Can a couple have two separate flexible spending accounts from two different employers?
Yes. Just like insurance tough you just can't get paid 2x for the same expense. (Once it is paid the first time, you have no expense really for the 2nd). Yes, you can have two separate flexible spending accounts from two different employers. However, the total amount that is put into both plans combined is limited by the IRS. For example, the maximum that a couple can put into a dependant care flexible spending account in 2007 is $5,000. If you and your spouse contribute more than that, you would lose the amount over $5,000. It would not be legal to submit the same expense to two different flexible spending account plans.
What banks offer flexible spending accounts?
Flexible spending account is one of the benefits offered by US Bank catering for one's healthcare payment. It is one way of reaping tax savings and helping individuals come up with smarter decisions to stay healthy.
