You can’t use an FSA with aMarketplace plan. Instead, you can set up a similar product, called a Health Savings Account (HSA). These let you to set aside money on a pretax basis to pay some health expenses if you have this type of health insurance.6 ...
We all like to save money on essentials. And health care products and services are as about as essential as they come. Fortunately, if your employer offers one, a flexible spending account (FSA) can help you set aside tax-free money to take care of these expenses, creating savings over t...
Some of its provisions are in full force and effect and have become familiar to us. This article focuses on some unique aspects of the law specifically applicable to account-based health plans.McLeeseKarenR.Benefits Law Journal
verify they will be covered under the particular plan. HMOs can cost less, but you may have to be flexible about which doctor and hospitals you use.3
The deadline to use your flexible spending account balance for 2023 may be just days away. Experts weigh in on how to best put that money to good use.
FSA eligible expenses can vary depending on the employer policy as well as the type of insurance coverage held by an employee. Some employers, for example, allow employees to use FSA funds to pay for an adoption. In situations where an employee has a health caresavings account, she may be...
It is important to note that FSAs operate on a “use-it-or-lose-it” principle, meaning that funds contributed to the account must be utilized within the plan year, typically ending on December 31st. However, there are provisions, such as the grace period, that offer account holders additi...
If you're looking to save money on yourmedical expenses, you might consider opening aflexible spending account (FSA). With an FSA, individuals can use pre-tax money on a number of expenses that medical or dental insurance doesn't cover, including co-pays and coinsurance, as well as certain...
Why is a savings account important? Savings accounts are critical because they provide a safe place to stash money you intend to use for specific purposes or goals. For example, you may use your savings account to keep your emergency fund or to set aside money for a down payment on your ...
While such a time off policy is supposed to be flexible, you still want to consider your colleagues, customers, managers, vendors or anyone you work with who will be inconvenienced by your absence. Calling in sick, of course, is one thing, but the best way to use flexible time off is...