Page 8 - Nortek Guide

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Examples of Eligible
Expenses for FSA/HSA
Accounts Flexible Spending Accounts (FSAs) Also

„ Doctor visit copays Available

„ Prescription drug copays HRA and FSA: Plan Very Carefully

„ Medical and dental deductibles HRA participants can participate in the company’s FSA to apply pre-

„ Hearing aids tax dollars to healthcare and dependent child care expenses during the
plan year. The HRA will reimburse all eligible expenses in the medical
„ Eye glasses plan before the FSA does. In addition, you can use your FSA to cover

„ Contacts copays and non-covered dental and vision expenses.

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

„ Orthodontia year.

„ Acupuncture HSA and FSA: Only Allowed With Dependent Care FSA

„ Laser vision correction surgery IRS rules prohibit an employee from having a Healthcare FSA and an
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 2015 as voluntary contributions into your

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

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