Flex Spending (FSA)
Your eyes are the window to your soul the saying goes but they are also your window to the world. That window is often taken for granted until something happens to affect the clarity of your vision. You may be concerned about how you will pay for the necessary services to keep your eyes healthy. Some health insurance pays for vision care, but others don't offer optometry coverage. With so many people having high deductible policies, you may find having a flex spending account (FSA) can help when it comes to optometric services. At Eye Site in Katy & Houston, we understand your concerns and we work with our customers to make sure you get the care you need.
What is a flex spending account?
A fled spending account is an employer-based healthcare savings plan. You can place up to $2650 in your account each year. It is taken from your pay before taxes, so it offers a way to get the money for medical expenses tax-free. If you are married, your spouse can take an equal amount. This is a good way to save for medical expenses every year. Of course, like all tax-free options, it comes with some conditions. You must use the amount you withhold within the year it is withheld unless your employer opts to allow you to carry over $500. It is not always easy to guess how much you will need to cover expenses not covered by your insurance.
What kind of expenses can you use a flex spending account for?
Let's face it, if you have a high deductible health insurance policy, you will have lots of things that aren't covered by your policy until you meet your deductible. You can claim deductibles, copays, and services that are not covered by your healthcare policy. You can pay for prescriptions with your flex spending account., even over the counter medications if you get a prescription for them. You may use your money for yourself, your dependents, and your spouse. One thing you cannot use your flex spending account for is premiums for your insurance.
How To Use Flex Spending At Eye Site in Katy & Houston
Not all healthcare insurance pays for eye exams and other optometry services. If you have a health flex spending account, it can help to pay for your frames and lenses as well as contacts. It can also pay for any tests or procedures that are necessary. You never want to refrain from getting the eye care that you need because of concerns over how you will pay for it. Give our office a call to set up an appointment today. Call us in Katy at (281) 644-2010 or the Memorial office at (713) 984-9144.