Flexible Spending Accounts (FSAs) are a great way to save money on eligible medical expenses. With an FSA, you can set aside pre-tax dollars to pay for qualified healthcare expenses, reducing your taxable income and saving you money in the long run.
It’s important to know what expenses are considered eligible for reimbursement under your FSA plan. To help you keep track of these expenses, many companies provide a printable list of FSA eligible expenses for the year 2017. This list can serve as a handy reference when submitting claims for reimbursement.
Fsa Eligible Expenses 2017 Printable
Some common FSA eligible expenses for 2017 include doctor’s visits, prescription medications, over-the-counter medications with a prescription, medical supplies, and vision care expenses such as eye exams and glasses. Dental expenses, including cleanings, fillings, and orthodontia, are also typically covered under FSA plans.
Other eligible expenses may include mental health counseling, chiropractic care, acupuncture, and certain alternative therapies. It’s important to keep all receipts and documentation for these expenses in case you need to submit them for reimbursement.
Remember that not all medical expenses are eligible for reimbursement under an FSA. Non-qualified expenses such as cosmetic procedures, gym memberships, and most over-the-counter medications without a prescription are not covered. It’s always a good idea to check with your FSA plan administrator if you have any questions about whether a specific expense is eligible.
In conclusion, having a printable list of FSA eligible expenses for 2017 can help you stay organized and make the most of your FSA benefits. By understanding what expenses are covered under your plan, you can maximize your savings and take full advantage of this valuable benefit. Be sure to keep track of your eligible expenses throughout the year and submit any necessary documentation for reimbursement to make the most of your FSA.