Question: What is a Health Care Flexible Spending Account (FSA)?
The Healthcare FSA allows employees to be reimbursed for medical expenses not covered or reimbursed by other insurance plans. In order for expenses to qualify for reimbursement, they must be for medical care. All expenses must be qualified medical, vision, pharmacy or dental benefit expenses as defined in Section 213(d) of the Internal Revenue Code. Mason and Associates works with several companies who administer FSA’s and can work with you to set one up.
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