The Health Care Flexible Spending Account is a voluntary program designed by the Internal Revenue Services (IRS). This tax-free account facilitates you to make essential health care spending that are not covered, or are partially covered, by your medical, dental and vision insurance plans.
All District employees may be a part of this program even if you are not entitled for health care coverage under any District-sponsored plan. All you have to do is decide to put aside a part of your payroll into your FSA on a pre-tax basis. The money is then taken from your paycheck-before Federal & State income taxes FICA taxes are deducted-- in equal amounts over the plan year.
All expenses must be qualified medical, vision, pharmacy or dental benefit expenses, as defined in Section 213(d) of the Internal Revenue Code. After you have expenses that fall under the FSA, you submit claims (reimbursement requests) to ASIFlex by filling the UniAccount FSA Claim Form with proof of your expenses, such as a receipt or an Explanation of Benefits statement.
FSA takes care of health care expenses incurred by you and the dependents you claim on your federal income tax return. In the case of dependent care expenses, your taxpayer identification or social security number is required to request tax-free withdrawals from your FSA to compensate yourself for these expenses.
There is no need to wait until the money is in your Health Care FSA to file for reimbursement. As long as the total claims for the year do not go over your yearly decided amount, your eligible claim will be processed.
The compassionate health care providers at Vista Eye Specialists remind you that the FSA procedure requires that you submit valid claims before the end of the claims run out period. Any unclaimed remaining funds will be forfeited to your employer. The election you make in one plan year does not automatically carry-over to the next plan year so it is important to re-enroll during each Open Enrollment period.
FSA dollars are "use-it-or-lose-it" funds thus, Vista Eye Specialists encourage you to estimate what you want to direct to your spending account and use your unused funds for eye care at Vista Eye Specialists.
Vista Eye Specialists—focusing on your total eye health- realize that the advantage of availing this convenient and easy Health Care FSA is that it lets you save from 25% to 40% on the cost of eligible expenses you are already incurring. This is the reason Vista Eye exhort our patients to opt for Health Care FSA. However, we advise that to get the most out of your FSA, you should review the list of eligible expenses, review your medical expenses from last year and note down any further eligible expenses you expect to incur in the coming plan year. It is also wise to include some money to cover your deductible expenditures and prudently estimate your cost for each of these FSA eligible expenses.
Vista Eye Specialists continue to remain your leading and compassionate eye health care providers. Contact us for further details on Health Care FSA on 888-393-5264.
All District employees may be a part of this program even if you are not entitled for health care coverage under any District-sponsored plan. All you have to do is decide to put aside a part of your payroll into your FSA on a pre-tax basis. The money is then taken from your paycheck-before Federal & State income taxes FICA taxes are deducted-- in equal amounts over the plan year.
All expenses must be qualified medical, vision, pharmacy or dental benefit expenses, as defined in Section 213(d) of the Internal Revenue Code. After you have expenses that fall under the FSA, you submit claims (reimbursement requests) to ASIFlex by filling the UniAccount FSA Claim Form with proof of your expenses, such as a receipt or an Explanation of Benefits statement.
FSA takes care of health care expenses incurred by you and the dependents you claim on your federal income tax return. In the case of dependent care expenses, your taxpayer identification or social security number is required to request tax-free withdrawals from your FSA to compensate yourself for these expenses.
There is no need to wait until the money is in your Health Care FSA to file for reimbursement. As long as the total claims for the year do not go over your yearly decided amount, your eligible claim will be processed.
The compassionate health care providers at Vista Eye Specialists remind you that the FSA procedure requires that you submit valid claims before the end of the claims run out period. Any unclaimed remaining funds will be forfeited to your employer. The election you make in one plan year does not automatically carry-over to the next plan year so it is important to re-enroll during each Open Enrollment period.
FSA dollars are "use-it-or-lose-it" funds thus, Vista Eye Specialists encourage you to estimate what you want to direct to your spending account and use your unused funds for eye care at Vista Eye Specialists.
Vista Eye Specialists—focusing on your total eye health- realize that the advantage of availing this convenient and easy Health Care FSA is that it lets you save from 25% to 40% on the cost of eligible expenses you are already incurring. This is the reason Vista Eye exhort our patients to opt for Health Care FSA. However, we advise that to get the most out of your FSA, you should review the list of eligible expenses, review your medical expenses from last year and note down any further eligible expenses you expect to incur in the coming plan year. It is also wise to include some money to cover your deductible expenditures and prudently estimate your cost for each of these FSA eligible expenses.
Vista Eye Specialists continue to remain your leading and compassionate eye health care providers. Contact us for further details on Health Care FSA on 888-393-5264.
