Flexible Spending Accounts

GLC

Can someone tell me if cosmetic surgery can be claimed under the FSA.

Also, is there a limit to how much a company can offer under the medical & dependent care? I thought it was $5,000 for dependent care but wasn't sure.

lnelson

Cosmetic surgury would not be covered.
5000 for Dependent Care and the ER can set the limit on the medical Out of Pocket.

Dutch2

We set the limit at $3,000 for medical and $5,000 for child care.
Hope this is helpful…
According to our plan. Qualifying Medical Expenses include only those expenses that are defined as medical expenses in Internal Revenue Code S213 and not reimbursed by any insurance or other plan. Qualifying expenses include amounts incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, and for treatments affecting any part of function of the body. The expenses must be primarily to alleviate or prevent a physical or mental defect or illness. Refer to IRS Publication 502 for further details on qualifying expenses.

Following is a partial listing of qualified expenses: Deductibles, Co-pays, Doctor’s fees, Dental expenses, Vision Care expenses, Prescription glasses, Contact lenses and solutions, Corrective eye surgery, Drugs and Medicines (legal) used to treat a medical condition, Insulin, Orthodontia, Routine physicals, Medical equipment, Hearing aids including batteries, Transportation expenses related to illness and Chiropractor’s fees.

Following is a partial list of Non-Qualifying expenses: Cosmetic procedures; e.g. face-lifts, skin peeling, teeth whitening, veneer, hair replacement, removal of spider veins, Sun glasses – non-prescription, Toiletries, Medicines, drugs, herbs or vitamins for general health and not used to treat a medical condition, Expenses that are merely beneficial to your general health (e.g., vacations and vitamins), Health club dues, Any sort of insurance premium, Warranties, Long=term care expenses.

dbutton111

Everyone else is correct, but I have one caveat to the cosmetic procedure issue - if the employee develops complications then it may qualify for FSA reimbursements (and FMLA).