 |
 |
|
 |
 |
 |
 |
|
 |
 |
|
|
MedicalPPO HMO
Dental
Life InsuranceVision |
||
|
|
|
Limited Purpose Medical Reimbursement Account
 |
|
 |
Grace Period FSAs have a "use it or lose it" policy, which means you forfeit any amounts unused and not reimbursed for services received during the Plan year. You may use what you set aside for the Plan year for services up to March 15 of the following year. |
||
 |
|
 |
You can use the Limited Medical Reimbursement Account to cover eligible healthcare expenses not covered by your dental and vision plans and over the counter medications when you are enrolled in a Health Investor Medical Plan and a Health Savings Account. When you use this account, you don’t pay federal income taxes on the money in your account.
You may set aside from $60 to $5,000 each year to cover eligible expenses during the year. Your contributions come out of your pre-tax pay in equal installments each pay period. Use the Limited Medical Reimbursement Account Estimator to help you evaluate the tax savings and decide whether to participate.
| For the: | You can use money set aside for expenses for care between: | You must file your claims by: |
|
2009 plan year |
January 1, 2009 and March 15, 2010 |
April 15, 2010 |
|
2010 plan year |
January 1, 2010 and March 15, 2011 |
April 15, 2011 |
Eligible Expenses
IRS
Publication 502 includes more information about eligible expenses.
The chart below includes some examples:
| Some Eligible Expenses | Some Expenses Not Eligible |
|
Money can be set aside for:
|
The IRS lists these non-eligible expenses:
|
 |
 |
 |