Friday, October 31, 2008

Flexible Spending Accounts: Don't Lose Your Hard-Earned Money

(NAPSI)-Flexible spending accounts (FSAs) are a valuable benefit to help pay for medical expenses. Employees can contribute a portion of each paycheck to a FSA, tax-free account that can be used to cover anything from acupuncture to X-rays. However, by law, people who contribute to FSAs must use all of their contributions by the end of the year or forfeit them.

Unfortunately, about one-third of people who take advantage of FSAs leave an average of $168 in their accounts each year. Some people may not realize the range of medical expenses covered by FSAs, which may contribute to their leaving unspent funds behind.

What's Reimbursable

Reimbursable medical expenses cover a variety of health-related products, treatments and procedures, including over-the-counter medication, dental care and even many treatments for vein disorders, including varicose veins and venous leg ulcers.

FSAs May Cover Vein Treatments

Dr. Ted King, Medical Director of the Vein Clinics of America, says FSAs have become a common way for patients to cover treatment for their vein disorders. "While FSAs don't cover cosmetic procedures, many vein disorders are much more than a cosmetic issue," said Dr. King. "Because vein disorders can have an impact on lifestyle and lead to serious complications, FSAs may cover vein treatments, which can improve health and well-being, in addition to self-esteem."

Vein disorders, while often unsightly, can also be painful and, if left untreated, lead to serious problems--even life-threatening consequences. It is estimated that more than 80 million people in the United States have varicose veins.

For more information, please visit

Fayette Front Page
Georgia Front Page

No comments: