Page 9 - Nortek California Employee Guide

Nortek

Flexible Spending Accounts (FSAs) Also
Available Examples of Eligible
Expenses for FSA/HSA
HRA and FSA: Plan Very Carefully Accounts

HRA participants can participate in the company’s FSA to apply pre- „ Doctor visit copays
tax dollars to healthcare and dependent child care expenses during the „ Prescription drug copays
plan year. The HRA will reimburse all eligible expenses in the medical „ Medical and dental deductibles
plan before the FSA does. In addition, you can use your FSA to cover
copays and non-covered dental and vision expenses. „ Hearing aids

„ Eye glasses
Planning for any dependent child care expenses will not be affected at
all by the HRA. Consider those savings as you would in any other plan „ Contacts
year. „ Contact lens solution

„ Dental services
HSA and FSA: Only Allowed With Dependent Care FSA

IRS rules prohibit an employee from having a Healthcare FSA and an „ Orthodontia
HSA at the same time. In addition, you may not contribute to an HSA „ Acupuncture
while your spouse is contributing to an FSA through their employer. „ Laser vision correction surgery
Conversely, a spouse may not contribute to an FSA while you are
contributing to an HSA.

The IRS requires participants in the HSA plan to use only the HSA
plan for healthcare expenses. That means that HSA participants can use

the company’s FSA only for dependent child care expenses.

If you are used to using the FSA for healthcare related expenses,
redirect those dollars for 2015 as voluntary contributions into your

HSA account and use the FSA only for dependent child care expenses.

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