Flexible Spending

Health Care Account
Reimbursement Expenses

You will need to do some planning for the Plan Year ahead to determine how much you want to contribute to your Health Care Account.  Money remaining in your account at the end of the Plan Year will be forfeited, so be conservative and only contribute what you know you will spend.

First, review your health care bills from previous years.  How many of these expenses were planned?  Are physical examinations regular expenses that you can expect to recur?  What other medical expenses for you and your family do you anticipate for the current year?  The costs you expect to pay "out-of-pocket" for deductibles and co-payments or other upcoming expenses can really add up.  Think about these expenses when deciding how much to set aside through this plan.  Health care expenses that are reimbursed through your Flexible Spending Plan are not eligible for the medical tax deduction on your annual income tax return.