Can I pay cheque my husband's vigour insurance from funds of my Flexible Spending Account?
I live in NY and my employer offers a FSA plan. They remuneration 100% of my coverage, but that doesn't extend to my husband. Can I pay his health insurance from the money I allocate into my FSA?
Answers:
I don't think you can discharge the premiums from there.
No, you cannot pay his premiums nor his co-pays. Here is the IRS publication: http://www.irs.gov/pub/irs-pdf/p969.pdf Source(s): Independent Agent
Zarnev is correct almost the not being able to earnings your husband's premiums but he is mistaken you CAN use the FSA to pay your husbands co-pays and any other qualified medical expenses. This rule even extends to your husband and children even if they are not covered by the same condition plan or any health plan. This is also the same rule for HSA qualified expenses.
Another nice piece of the FSA is that You can withdraw funds from the account to remuneration qualified medical expenses even if you have not yet to placed the funds contained by the account. This means you can be reimbursed for medical expenses near funds that have not even been deduct from your paycheck. Source(s): Independent Broker and HSA specialist
Just write a check or set up payment on queue to have the money deducted every month
Related Questions:
Answers:
I don't think you can discharge the premiums from there.
No, you cannot pay his premiums nor his co-pays. Here is the IRS publication: http://www.irs.gov/pub/irs-pdf/p969.pdf Source(s): Independent Agent
Zarnev is correct almost the not being able to earnings your husband's premiums but he is mistaken you CAN use the FSA to pay your husbands co-pays and any other qualified medical expenses. This rule even extends to your husband and children even if they are not covered by the same condition plan or any health plan. This is also the same rule for HSA qualified expenses.
Another nice piece of the FSA is that You can withdraw funds from the account to remuneration qualified medical expenses even if you have not yet to placed the funds contained by the account. This means you can be reimbursed for medical expenses near funds that have not even been deduct from your paycheck. Source(s): Independent Broker and HSA specialist
Just write a check or set up payment on queue to have the money deducted every month
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