An arrangement you set up through your employer to pay for many of your out-of-pocket medical expenses with tax-free dollars. These expenses include insurance copayments and deductibles, and qualified prescription drugs, insulin and medical devices. You decide how much of your pre-tax wages you want taken out of your paycheck and put into an FSA. You don’t have to pay taxes on this money. Your employer’s plan sets a limit on the amount you can put into an FSA each year. There is no carry-over of FSA funds. This means that FSA funds you don’t spend by the end of the plan year can’t be used for expenses in the next year. An exception is if your employer’s FSA plan permits you to use unused FSA funds for expenses incurred during a grace period of up to 2.5 months after the end of the FSA plan year. (Note: Flexible Spending Accounts are sometimes called Flexible Spending Arrangements.)
HealthMarkets Insurance Agency makes it easy to find affordable health plans in California. By contacting a representative, we'll compare thousands of plans from companies across the nation to find the right one for you.
Under the Affordable Care Act (ACA), healthcare marketplaces have simplified the process for Americans to find health insurance. But do you know which healthcare marketplace you’ll use this upcoming enrollment period? With the Open Enrollment Period approaching, it’s important to know what type of health insurance your family will need for 2017.
Under the Affordable Care Act, Americans can choose a federal, state, or private medical marketplace to purchase an insurance plan that fits their needs. There is a wide variety of health plans available through medical marketplaces. Whether you're just looking for information or ready to buy a plan, there are a few things you should keep in mind.