Flexible Spending Accounts (FSAs) allow individuals to set aside pre-tax dollars to cover out-of-pocket medical expenses. It’s important for FSA participants to be aware of which expenses are eligible for reimbursement to maximize their benefits. Having a printable list of eligible expenses for 2017 can be a helpful tool in managing FSA funds.
Knowing what expenses qualify for FSA reimbursement can save individuals time and money. By having a comprehensive list of eligible expenses at their fingertips, FSA participants can easily track and submit claims for reimbursement, ensuring they are utilizing their FSA funds effectively.
Fsa Eligible Expenses 2017 Printable List
List of FSA Eligible Expenses for 2017
Some common eligible expenses that can be reimbursed through an FSA include medical copays, prescription medications, over-the-counter medications with a doctor’s prescription, and certain medical supplies such as bandages and crutches. Other eligible expenses may include dental and vision care costs, as well as mental health services.
It’s important for FSA participants to keep receipts and documentation for all eligible expenses in case of an audit. By maintaining organized records, individuals can easily verify their expenses and ensure they are in compliance with FSA guidelines.
While the list of FSA eligible expenses for 2017 is extensive, there are some restrictions on what can be reimbursed. Expenses such as cosmetic procedures, vitamins, and health club memberships are typically not eligible for FSA reimbursement. It’s important for participants to familiarize themselves with the guidelines to avoid any potential issues.
Overall, having a printable list of FSA eligible expenses for 2017 can be a valuable resource for individuals looking to maximize their FSA benefits. By staying informed and organized, FSA participants can make the most of their pre-tax dollars and ensure they are taking full advantage of their FSA account.
In conclusion, understanding and utilizing the FSA eligible expenses for 2017 is essential for individuals looking to make the most of their FSA benefits. By staying informed, organized, and keeping track of eligible expenses, FSA participants can effectively manage their healthcare costs and maximize their FSA funds.