Lasik Covered By Health Insurance
How do flex spending account administrators define a dependent?
My college age son, just turned 19, withdrew from full time college a couple of weeks ago. Since he turned 19, I know that he’s not going to be covered under our health insurance now, but I can’t find any definition of what the Flex Spending people call a dependent, when it comes to medical expenses.
Add to this that I found out totally unexpectedly that my job had doubled the amount that they were supposed to take out (long story), and now I suddenly have $4000 that needs spent by the end of the year. If the son is covered as a dependent by the IRS, does that mean I can use that money on him? He wants Lasik Surgery, and it might be a way to do it.
Anyone know– do flex spending people define it by the tax law, or by rules similar to insurance companies?
Yes, he was enrolled and finished the spring semester.
The IRS defines dependents for the FSA.
The FSA can still be used to cover dependents as long as they are your dependent on your tax return. Even if your health insurance won’t cover them.
So that lasick is a good idea.
It’s ALSO a good idea, to go to CVS, and buy tons of bandaids, ointments, and other OTC stuff to hit the $4K if the lasick isn’t that high.
Art Williams – Do It – part 2 of 2