New Questions How do I know if I am eligible for an FSA or HSA? Posted on June 30, 2022 by Arti Arti What Are You Looking For in an Employer?
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S. Healthcare costs in the U. FSAs and HSAs can help make a consumer’s predictable annual medical expenses more affordable by using pre-tax dollars to pay for them. continue to rise, with consumers shouldering more of the costs of their care. Typically, consumers receive a benefit debit card with which to make these purchases. Eligible items include doctor’s office visits, treatments, diagnostic tests, lab fees, medical devices, vision, dental, prescriptions, pharmacy items and various wellness items. Consumers can also visit online sites like FSAStore. com or HSAStore. Consumers can use their FSA or HSA funds on out-of-pocket medical expenses not covered by their insurance. com to purchase exclusively FSA- and HSA-eligible items, respectively. Anyone is eligible for an FSA, if their employer offers one. Because FSAS aren’t quite as flexible as HSAs, they are often prepared with more traditional health plan like a PPO. To be eligible for an HSA, consumers must be enrolled in an HSA-eligible high-deductible health plan (HDHP) through their employer.