The Obesity Epidemic and WC Costs...
The Obesity Epidemic and WC Costs – What Is Their Connection?
HSA, HRA, Healthcare FSA, and Dependent Care Eligibility List
The following is a summary of common expenses claimed against Health Savings Accounts (HSAs), Health Reimbursement Arrangements (HRAs), Healthcare Flexible Spending Accounts (HC-FSAs), and Dependent Care FSAs (DC-FSAs). Due to frequent updates to the regulations governing these accounts and arrangements, this list does not guarantee reimbursement and is to be utilized as a guide for the submission of claims. Find more information on IRS-qualified medical expenses from IRS Publication 502 and IRS Publication 969.
If you have an HRA or FSA, your employer’s plan may only reimburse a subset of expenses. Please refer to your Plan Document to confirm reimbursable expenses under your plan. For more information on health savings accounts, visit Understanding Health Savings Account (HSA) Limits and Eligible Expenses.
If you currently participate in a High Deductible Health Plan (HDHP) and contribute to an HSA, you may also participate in a Limited Purpose HRA or Health FSA. Expenses are limited to dental and vision expenses identified with an * in the list below. To learn more about the pros and cons of health-sharing plans, check out Should I Get a Health-Sharing Plan?.
Examples include, but are not limited to:
This list is not all-inclusive:
Listed below are some services and expenses that are not eligible for reimbursement. This list is not all-inclusive:
This list is not comprehensive. It is provided to you with the understanding that Veritas Risk Management, Inc. is not engaged in rendering tax advice. The information provided is not intended to be used to avoid federal tax penalties. For more detailed information, please visit IRS Publication 502 and IRS Publication 969. If tax advice is required, you should seek the services of a professional. For a comprehensive guide to Medicare, see Comprehensive Guide to Medicare.
For more detailed information on HSAs, FSAs, and HRAs, check out the following resources:
By following this guide, you can make the most out of your FSA and ensure you’re spending wisely on eligible expenses. For any further details, always refer to the IRS guidelines and consult with your FSA provider.
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