How can I determine if I will have enough out-of-pocket expenses to make a health care spending account worthwhile?
Even if you have medical, dental and/or vision benefits, you still may be responsible for expenses that are not covered by your plans, such as: copays/deductibles; eyeglasses; contact lenses; saline solution; certain over-the-counter drugs—e.g. allergy and cold medicines, antacids and pain relievers; chiropractic treatment; orthodontia and dental work. Your FSA works to fund these expenses on a tax-free basis. Our easy-to-use FSA Savings Calculator can show your projected tax savings based on the anticipated expenses you input.
Related Questions
- Are my out-of-pocket Vision Plan expenses eligible for reimbursement under the Health Care Flexible Spending Account?
- How can I determine if I will have enough out-of-pocket expenses to make a health care spending account worthwhile?
- Do I have enough out-of-pocket expenses to make a Health Care Flexible Spending Account worthwhile?
