WebAs of 2024, the minimum amount of contribution is $120 a year and the maximum has been increased to $2,850 a year. Your employer can even match your contribution up to 100 percent and you can have an HSA and FSA at the same time. The major drawback of the FSA is that it’s a “use-it-or-lose-it” account. WebApr 11, 2024 · A flexible spending account, or FSA, is a tax-advantaged account offered by your employer that allows you to pay for medical expenses or dependent care. Depending …

Health Care Options, Using a Flexible Spending Account FSA

WebApr 3, 2024 · Offered through your employer, an FSA account allows you to set aside pretax money to pay for health-related expenses like copayments, deductibles, some drugs and other healthcare costs, according to the HealthCare.gov website. Putting your money into an FSA account also reduces your taxable income, which can lower your tax bill. WebReport this post Report Report. Back Submit hannaford gilford nh hours

What you can spend FSA 2024 money on: Glasses, tampons, …

WebPregnancy tests and fertility tests/treatments. Whether you’re trying to conceive or trying to determine if you already have, you can use your benefits debit card to pay it. Ovulation or fertility monitoring is also eligible. Additional eligible childbirth-related expenses include: Maternity support belts. Prenatal vitamins. WebJan 5, 2024 · You can use FSA funds for most typical contraceptive products, from condoms to birth control pills. Some of these products already may be covered by your insurance; … WebYou can use your FSA funds to pay for a variety of expenses for you, your spouse, and your dependents. The IRS determines which expenses can be reimbursed by an FSA. To find … hannaford groceries online