Flexible Spending Account
Hello everyone: I'm just wondering if anyone has been successful in getting reimbursed thru a flexible spending account for the $600 that Dr Fowler's office requires to pay for the Wellness & NUT part of the program?
I called Cigna which is where my flex account is held and they said all I needed was a note from the Dr that the weightloss program was to treat a medical problem and of course the itemized bill.
Thanks for your input.
Debbie
I called Cigna which is where my flex account is held and they said all I needed was a note from the Dr that the weightloss program was to treat a medical problem and of course the itemized bill.
Thanks for your input.
Debbie
A flexible spending account is usually done thru your employer. Its kinda like a bank account that u put money in directly from your paycheck. The good part is that its NOT taxed. There are two types of flex spending account medical and daycare.
My employer has a max for the account of 5,000 for medical. I can put any amount into the account that I want up to the 5,000. Whats really cool about the medical account is that on January 1, the money is available even if I have not deposited it yet.
The flex accounts are governed by the US Government so there are some rules about what can be used w/ the money. You can use it for all copays, laser eye surgery, over the counter med, etc. Some plans make u submit all of your receipts and some even have a credit card associated with the account that u can use at the point of purchase. My account has the credit card which I love. It's so easy. I just make sure that I keep all receipts so if they ask me for a receipt I have it. The normall ask for receipts on large purchases.
If you don't use the money by the end of they year you will lose it. So, you really have to plan. I've used it for the past 4 years for daycare and medical. It has helped to lower our income during tax time and we save money on taxes too.
I hope this explains flexible spending account for those that are curious.
Aloha, Debbie
My employer has a max for the account of 5,000 for medical. I can put any amount into the account that I want up to the 5,000. Whats really cool about the medical account is that on January 1, the money is available even if I have not deposited it yet.
The flex accounts are governed by the US Government so there are some rules about what can be used w/ the money. You can use it for all copays, laser eye surgery, over the counter med, etc. Some plans make u submit all of your receipts and some even have a credit card associated with the account that u can use at the point of purchase. My account has the credit card which I love. It's so easy. I just make sure that I keep all receipts so if they ask me for a receipt I have it. The normall ask for receipts on large purchases.
If you don't use the money by the end of they year you will lose it. So, you really have to plan. I've used it for the past 4 years for daycare and medical. It has helped to lower our income during tax time and we save money on taxes too.
I hope this explains flexible spending account for those that are curious.
Aloha, Debbie
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