What Is An FSA?
How to Use Your FSA for Dental Care
Flexible spending accounts or “FSAs” are offered by many employers and can be an effective method to receive reimbursement on a variety of medical expenses. FSAs allow you to set aside money from your paycheck to save for medical treatments and procedures, while affording tax benefits.
One of the major benefits of an FSA is that they are considered a tax-exempt savings account, meaning that, they are not affected by normal employment or federal income taxes, making them a great option for people that want to save for future dental treatments and procedures.
These accounts are not required to report for the purposes of federal tax returns, so long as they are used for qualified medical expenses. These plans can differ, so it is important to know which types of dental expenses can be covered by your FSA.
FSA Important Facts
- FSAs must generally be used within a specific time frame. Make sure that you have a plan to use your saved FSA funds before you lose them
- If you can’t use your FSA in the normal timeframe, ask your employer if they offer carry-over or short term extensions
- Most cosmetic dental treatments will not be covered by an FSA
- Dental care reimbursement may not be possible for a dependent care flexible spending account. Ask your employer to see which type of FSA is best for your family
Which Dental Expenses Are Covered By An FSA?
While specific treatments and services may vary, most dental procedures that treat or prevent an oral health issue are eligible. Services such as these are typically covered:
- Gum Recession/Gum Disease
- Routine Dental Cleanings
- Diagnostic and other preventative treatments
- Sealants and Fillings
- Select Oral Surgeries
- Inlays and Onlays
- Dental Crowns
- Dental Bonding
- Tooth Extraction
Purely cosmetic procedures are generally not covered, however, traditionally cosmetic procedures that are needed because they provide essential oral health benefits may be considered for FSAs.
For detailed information on the IRS deduction rules for FSAs, please see IRS Publication 502
If you have any additional questions about your FSA, please get in touch with our friendly and knowledgeable team. We can help fill in the blanks and set up an appointment so that you won’t miss your FSA deadline.