The Chard Snyder Flexible Spending Account
What is a Flexible Spending Account? A Flexible Spending Account (FSA) can help you save money for healthcare and/or dependent care items and services for yourself and your family. FSA funds are deducted from your paycheck before taxes, so the money deposited into the account is tax free, which saves you money. You may save up to 40% on your healthcare or dependent care costs.
What are the Different Types of FSAs?
The Chard Snyder Mobile App
A health FSA can be used for eligible medical expenses such as copays, coinsurance, deductibles, prescriptions, dental, vision, medical supplies, and procedures. Even over-the-counter medications and menstrual care products are eligible expenses. A dependent care FSA can be used for expenses incurred to care for your children age 12 and younger, as well as your adult tax dependents, who require care while you are at work.
Manage your FSA on the go, anywhere, anytime
Features • Submit FSA claims with receipt images using your phone’s camera • View account balances and transaction details • Enable Face ID or Touch ID for easy, secure access • Catalog past and current receipts using your phone’s camera • Scan any product for eligibility using your phone’s camera (Plan restrictions may apply)
What are FSA Eligible Expenses? The IRS determines what expenses are FSA eligible. Eligible expenses are reimbursed if they are incurred by you, your spouse, or your tax dependents during the plan year. The charts below show examples of eligible expenses: Health FSA Deductibles Hospital Services Prescriptions Copays First Aid Kits Medical Services Vaccines Contact Lenses Orthodontia Physical Exams Dental Treatment Chiropractor Sunscreen Thermometers Physical Therapy Acne Medicine Menstrual Care OTC Medications Baby Monitors Coinsurance
Dependent Care FSA
Download from the App Store or Google Play
In-Home Babysitter Daycare Centers Nursery School
Summer Day Camp Elder Custodial Care Elder Daycare
Outside Babysitter After-School Activities Latchkey Program
What else is considered an eligible expense? Visit the Chard Snyder website for more resources on eligible items and services under your plan.
How much would you save on taxes with an FSA? Visit the Chard Snyder website to complete our Tax-Savings Calculator.
www.chard-snyder.com
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