It is very convenient and easy to use a Flexible Spending Account for different medical services - especially for out-of-pocket expenses that are not covered by a regular insurance plan. Co-pays, deductibles and coinsurance are FSA eligible expenses, while insurance premiums are not FSA eligible.

Flexible Spending Account Claims Filing Tips

1. Only those expenses that are incurred during the FSA plan year (or a grace period, if the plan has one) are considered FSA eligible. So, you cannot file a claim for a medical service received before the FSA plan year started.
2. Submit claims as you incur them throughout the year. This will help you keep track of available FSA funds.
3. You can use an FSA toward covering the cost of qualifying medical expenses for your dependents as well (this includes a spouse, and children through 26 years old).
4. Can I still get paid for claims once the plan year ends? Typically, you have about 90 days to submit claims after the end of the FSA plan year for expenses you incurred during that plan year. If you have a grace period (check with the FSA administrator if this applies to you), then you have 2 ½ months after the end of plan year to continue incurring new expenses with your prior-year FSA.
5. Can I get reimbursed for a service before paying the bill? You can as long as the service you received falls within the FSA plan year and as long as the service is considered FSA eligible for your plan. You can get reimbursed by submitting a claim with a detailed statement showing owed eligible amounts. You can then pay your bill once you receive the reimbursement.
6. How do I submit claims? Your FSA administrator probably has a preferred way to receive your claims – maybe it’s online, or you might have to fill in a form. Learn which way is best and get your claims in as you incur them.

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