De México 664-979-2020     Toll Free 888-541-0202
 
 
De México
664-979-2020
Toll Free
888-541-0202

Flex Spending Accounts

What is an FSA?

A Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs.

You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.

Employers may make contributions to your FSA, but aren’t required to.

A few fast facts about FSAs

  • FSAs are limited to $2,600 per year per employer. If you’re married, your spouse can put up to $2,600 in an FSA with their employer too.
  • You can use funds in your FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents.
  • You can spend FSA funds to pay deductibles and copayments, but not for insurance premiums.
  • You can spend FSA funds on prescription medications, as well as over-the-counter medicines with a doctor's prescription. Reimbursements for insulin are allowed without a prescription.
  • FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.

 

Frecuently Asked Questions

  • Does my FSA cover eye surgery?

Yes, laser surgery and other vision correction surgeries, if done primarily to promote the correct function of the eye are eligible.  You can download a FLEXIBLE SPENDING ACCOUNT (FSA) ELIGIBLE EXPENSE GUIDE here, we always recommend you to check with your FSA administrator to check on the latest version. Or you can also go to www.irs.gov to obtain the most current edition of the IRS Publications 502 and 503 for further details on eligible and ineligible expenses.

  • Can I use my FSA in Mexico?

The FSA resource center recommends that “If you’re traveling to Mexico and need to access medical services while there, you may be able to submit for reimbursement when you return to the USA. The medical services must be considered legal within the U.S. to qualify for reimbursement. Hold on to any receipts from medical services you had while abroad, and submit these to your FSA administrator. It’s best to contact your FSA administrator about eligibility (if you can also before you leave) and if you’re not entirely sure about what’s covered”

  • What do I need to use my FSA for eye surgery?

We first strongly recommend you to be in close contact with your FSA administrator so they can guide you from the very beginning of the process.  For some types of eye surgeries, you might need a prescription and doctor´s statement. In that case, we can provide you with a form similar to this one click here, which is the FSA´s medical necessity form.

  • What other recommendations do I need to be aware of when planning to use my FSA in Mexico for eye surgery?

Always check your employer’s summary plan description (SPD) or plan document for specifics regarding eligible expenses under your spending account plan(s).

Check also on Deadline Dates for Filing Claims, so you do not miss any important date when filling for your reimbursement.

 

 

Established in 1986 · 1st IntraLASIK worldwide in 1995 · 1st Light Adjustable Lens worldwide in 2002
De México
664-979-2020
Toll Free
888-541-0202