Limited Purpose Medical Reimbursement Account
You can use the Medical Reimbursement Account to cover eligible healthcare
expenses not covered by your health plan.
You may set aside from $60 to $5,000 each plan year to cover eligible expenses
during the year. Your contributions come out of your check in equal installments
each pay period.
Minimum annual deduction amount for the Limited Purpose Medical Reimbursement
Account is $60.
Eligible Expenses
IRS
Publication 502 includes more information about eligible expenses.
The chart below includes some examples:
|
Money can be set aside for:
- Dental and vision plan deductibles
- Dental and vision care expenses
- Orthodontia not covered by a dental plan
- Over-the-counter medications
|
The IRS lists these non-eligible expenses:
- Health services and supplies, including prescription drugs,
that are considered covered services under your state health
plan, if you are enrolled in a Health Investor health plan and
a Health Savings Account
- Your contributions for outside health or life insurance
- Employer health premiums of any kind
- Procedures or expenses not medically necessary
- Weight loss programs not prescribed by a doctor
|
|