Time to Use Your FSA
What is a Flexible Spending Account?
A Flexible Spending Account (FSA) is a tax-favored program offered by employers that allows their employees to pay for eligible out-of-pocket health care and dependent care expenses with pre-tax dollars. Big Bend Family Eye Care accepts these FSAs for many services and products. By using pre-tax dollars to pay for eligible health care and dependent care expenses, an FSA gives you an immediate discount on these expenses that equals the taxes you would otherwise pay on that money.
“Reduce your taxes and get more for your money by saving from 20% to 40%.“
Glasses, Contacts, prescription sunglasses – come see us for them all.
Benefits to Using Your FSA
Therefore, with an FSA, you can both reduce your taxes and get more for your money by saving from 20% to 40% of what you would normally pay for out-of-pocket health care and dependent care expenses with after-tax (as opposed to taxed) dollars. (information provided by FSAFEDS)
How does the FSA Work?
Employees can put an extra $50 into their health care flexible spending accounts (heath FSAs) next year. For 2018, employees can contribute $2,650 to their health FSAs, up from the 2017 limit of $2,600. The increase also applies to limited-purpose FSAs that are restricted to dental and vision services.
To schedule an appointment for an eye exam, call our office at (850) 999-6926 or use our online appointment scheduler. If you have already had an eye exam this year, remember that you can use your FSA benefits on a second pair of glasses, computer glasses, or prescription sunglasses. Stop by our office during regular business hours to let our friendly staff help you. you will most likely develop a cataract.