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    Handbook fsa eligible expenses >> Download / Read Online

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    For more information on eligible dependent care expenses, refer to IRS Publication 503. You can also find it at http://www.irs.gov. Publication 503 will give you information on qualifying persons, eligible expenses and the dependent care tax credit.
    When you have incurred an eligible HCSA expense, you can either use your Health Care FSA Debit Card or submit a claim form for reimbursement to ASIFlex via the ASIFlex Mobile App, online, by fax, or by mail. When you have incurred an eligible DCAP expense you can either file a claim via the ASIFlex Mobile App, online
    Various Eligible Expenses. You can use your Health Care FSA (HC FSA) funds to pay for a wide variety of health care products and services for you, your spouse, and your dependents. The IRS determines which expenses can be reimbursed by an FSA. Keep Your Receipts
    FSA QUESTIONS AND ANSWERS: Q: What is an FSA? An FSA is a special account that lets you set aside money for eligible health care or dependent care expenses. The money you put into your FSA is taken out of your before-tax paycheck. A Flexible Spending Account is a tax?advantaged account that allows you to use pre?tax dollars to pay for qualified medical or dependent care expenses. You choose how much money you want to contribute to an FSA at the beginning of each plan year and can access these funds throughout the year.
    expenses may also be eligible or ineligible under federal tax law or under your employer’s plan. To be eligible under an FSA URM account, the medical expense(s) must be incurred for medical care that is not reimbursed from any other source. Additional information may be requested from you to show that an expense is for medical care.
    Medical expenses include dental expenses, and in this publication the term «medical expenses» is often used to refer to medical and dental expenses. You can deduct on Schedule A (Form 1040) only the part of your medical and dental expenses that is more than 7.5% of your adjusted gross income (AGI).

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