Did you contribute to a Medical Care Reimbursement FSA in 2018? If so, remember that only $500 dollars can be rolled forward into the next year. If you have an account, you can manage it online at www.myflexonline.com . If you have funds to spend down before 2019 arrives, take a look at the list of eligible expenses or shop online at the FSA Store .
A WageWorks® Healthcare Flexible Spending Account (FSA) is a pre-tax benefit account used to pay for eligible medical, dental, and vision care expenses that aren’t covered by your insurance plan such as copays for office visits and prescriptions, vision expenses after insurance including Lasik, and dental care or orthodontia (both preventative and restorative) after insurance. Some over-the-counter expenses that qualify (unless reimbursed by insurance) include: diabetic supplies, contact lens solution, denture adhesive, personal test kits, blood pressure meter, adhesive or elastic bandages, and thermometers. It’s a smart, simple way to save money while keeping you and your family healthy and protected.
Participants receive a Take Care debit card which eliminates the need to submit most claims for reimbursement. Money is taken directly from your FSA. (Save all receipts in case they are requested and for tax purposes.) Your card comes “loaded” with the full amount of your yearly election on January 1, even though the yearly election is divided among 26 pay periods.