Sunday, March 10, 2013

Benefits of Having a Flex Spending Account


Every family has health concerns and you want access to the best care available. Some consumers might not realize that different benefit plan options exist for them. There are programs in place that can help you afford health care supplies and services for your family. One option is a Flexible Spending Account (FSA) – an employer-sponsored benefit add-on that allows employees to set aside pre-tax money for qualified health expenses. 


An FSA lets you cover health care expenses not covered by traditional insurance plans. Before opting in to an FSA during open enrollment, you should first estimate how much you will contribute to the FSA. Starting with plans in 2013, the annual contribution limit into a Health Care FSA is $2,500 per person.

Many FSA plan years have a December 31 deadline, but some employers offer coverage extensions through a 2 ½ month grace period. For those with a grace period, one upcoming deadline is March 15.

Eligible Products with an FSA:                                                 

  • Blood pressure monitors                                                 
  • Breast Pumps and other baby care
  • Hot and cold packs
  • Sunscreen
  • First aid kits
  • Shoe inserts
  • Contact lens solution

A great resource for those with FSAs is FSAstore.com – a site exclusively selling thousands of FSA-eligible products and answering FSA-related questions through an online Learning Center. For more information on FSAs, or help with figuring out how much to contribute and which FSA eligible expenses qualify, visit FSAstore.com.


Post brought to you by FSAstore.com.

Kathleen Bunn

13 comments:

Shell Fruscione said...

I wish we had an FSA!

Kelly @ A Girl Worth Saving said...

I miss my FSA account!

Ty Watson said...

I need to look into getting an FSA!

Meghan @JaMonkey said...

These are so great. We used it last year and needed every penny with the birth of our daughter and NICU stay

Robin {Mom Foodie} said...

We had one a few years ago. Wasn't such a great match for us at the time, but I can see where they are very handy.

Jennifer (Double Duty Mommy) said...

I was just talking to my spouse about this. It's much needed

Colleen (Shibley Smiles) said...

Totally believer of the FSA plan I have used it now for 3 years.

Vanessa said...

Such great info! thanks for sharing.

Theresa said...

Great info!

Leilani said...

I've never had an FSA because we have really good insurance, but this sounds like a great option for others.

Lolo @ Crazy About My Baybah said...

We need to start one!

Lisa said...

We love our FSA account.

Marcie W. said...

I think an FSA could really come in handy for my family.

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