![]() How long does a flexible spending account last?Īnswer.An FSA typically lasts for one year, or until a time when the coverage would end (end of employment, for example). ![]() In some flexible spending accounts, other medical expenses beyond health plan coverage, like over-the-counter drugs or dental/vision costs, are covered.Īnswer.Flexible spending accounts are used by paper claim forms, or by use of a flexible spending account debit card, more frequently known as a Flexcard.Īnswer.A Flexcard is used in the same fashion as a standard bank-issued debit card, as many of them bear a Visa?or MasterCard?logo on them. What expenses are covered with an FSA?Īnswer.Expenses that are covered are usually those which a health plan or insurance do not cover, such as deductibles, doctor visit co-pays, or coninsurance. Used to cover a variety of medical expenses. Their income, before payroll taxes, to a special account that can be Offers the FSA plan to their employees, which allows them to deduct a portion of New ways to save and spend when it comes to your medical expenses. A flexible spending account, or FSA, is one of the best ![]() What is a medical Flexible Spending Account?Īnswer. Flexible Spending Account (FSA) - Questions and Answers ![]()
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