Depending on your health plan, you might have access to an FSA or HSA that can help cover specified out-of-pocket health-care costs and eligible expenses. Purchases of Thorne’s at-home health tests, health panels, and some supplements can be reimbursable under your FSA or HSA! You can ...
A Health Savings Account (HSA)is a savings account that enables you to set aside money to cover qualified medical expenses, tax-free. Eligible expenses include deductibles, copays, coinsurance, and other costs depending on your plan, allowing you to reduce the cost of health insurance. The acc...
*Some items are only eligible with a prescription (Rx) or letter of medical necessity (LMN). A B C D E F G H I J K L M N O P Q R S T U V W X Y Z The above list of eligible items is maintained by HSA Store and FSA Store. Qualified medical expenses are defined by the...
SEE RELATED:HSA and FSA health resources HSA An HSA is a pre-tax savings account used for eligible health expenses. These include vision expenses likeprescription glassesandcontacts, in addition to medical and dental expenses like appointment copays and medication. Account holders decide how much mo...
You can use the funds for qualified medical expenses in retirement. Yes HSA vs. FSA: Which is better? If you're eligible for both an HSA and FSA, be sure to carefully weigh each option, considering the pros and cons we've outlined above. The choice of HSA vs. FSA (or HSA plus...
Health Care FSA -You can use your health care FSA to pay yourself back for eligible health care, vision, and dental expenses for yourself, your spouse, or eligible dependents (children, siblings, parents, and other dependents as defined in your plan documents). ...
HSA contribution limits in 2023 are $3,850 for individual filers and $7,750 for families. For 2024, the limits are $4,150 for single individuals and $8,300 for families. What is an FSA? An FSA also allows you to save for medical expenses, but you don't need to be enrolled in an...
Dependent Care FSA: Employees can use pre-tax dollars to help pay for eligible childcare expenses for children under age 13 and adult dependent expenses when they’re claimed as qualifying dependent. Funds become available as you make contributions via payroll deductions. Contributions and Limits ...
Some of your everyday expenses may be eligible. To check, browse the FSA store eligibility list. Here’s a broad look at some popular expenses that typically qualify: Medical copayments and coinsurance Dental care costs (i.e., dentures) Vision care costs (i.e. eye examination, eyeglasses)...
The eligible expense list for an FSA varies from plan to plan. In general, a standard (non-limited purpose) FSA will allow you to reimburse the similar expenses to those you can reimburse with an HSA, however, it is important to check your plan’s rules. A limited-purpose FSA is exactl...