Page 9 - Union COBRA Guide

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Examples of Eligible
Expenses for FSA/HSA
Accounts
Flexible Spending Accounts (FSAs) Also
Available „ Doctor visit copays

HRA and FSA: Plan Very Carefully „ Prescription drug copays

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

„ Contact lens solution
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 year. „ Dental services

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

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 2016 as voluntary contributions into your HSA account
and use the FSA only for dependent child care expenses.

2016 Open Enrollment