PrimeFlex Resource Materials
Flexible Spending Accounts - Valuable Health Benefits with Pre-Tax Savings
- View an alphabetical list of eligible Health Care expenses. These are items that are usually covered by a Flexible Spending Account. Included are things like over-the-counter medications, office visit and prescription co-pays, dental procedures not covered by insurance plus much more.
- Certain health care expenses may require additional information to see if they qualify as an eligible FSA expense. Click here to see a list of possible health care expenses that you might not have found under the eligible list of expenses.
- Have a Dependent Care FSA? See what items you can expense under your Dependent Care FSA such as the cost for day care, after school programs and elder care.
- Download a comprehensive list of eligible and possible FSA Health Care expenses as well as a list of eligible Dependent Care expenses. This document will open as an Adobe PDF file and is a great reference for any questions you have on eligible FSA expenses.
Eligible FSA Expenses - View Alphabetical Lists
- View the most current list of merchants that have implemented the Inventory Information Approval System or have implemented the 90% Rule. These systems are designed to identify FSA eligible items at the point-of-sale - when using your PrimeFlex debit card for purchases.
Merchants Accepting Flex Debit Cards for FSA Purchases
- Click here for the most up-to-date list of Medical and Dental Expenses (Including the Health Coverage Tax Credit) - Publication 502 from the IRS.
This publication explains the itemized deduction for medical and dental expenses that you claim on Schedule A (Form 1040). It discusses what expenses, and whose expenses, you can and cannot include in figuring the deduction. It explains how to treat reimbursements and how to figure the deduction. It also tells you how to report the deduction and what to do if you sell medical property or receive damages for a personal injury.
- Click here for the most up-to-date list of Child and Dependent Care Expenses - Publication 503 from the IRS. This publication explains the tests you must meet to claim the credit for child and dependent care expenses. It explains how to figure and claim the credit.
Lists of Pre-Tax FSA Expenses - IRS Publications 502 & 503
- The IRS has released another update to the maximum monthly pre-tax Transit/Parking benefits for taxable year 2013. The monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $245. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $245. To review the formal IRS notice on this change, please visit http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
Transit and Parking Benefits
Health Savings Accounts - A 401(k) Plan for Health Care
- View the Health Savings Account Basics Brochure from the U.S. Department of the Treasury. This brochure discusses who can have a Health Savings Account, the advantages of such an account, what a high deductible health plan is, determining your contribution amount, plus much more!
Compare Pre-Tax Health Plans & See Which One Works for Your Business
- Wondering how to reduce your health care costs? Check out a side-by-side comparison of Flexible Spending Accounts, Health Reimbursement Arrangements and Health Savings Accounts.