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Do flexible spending accounts cover dental expenses?

img_moneyYes, from Investopedia:

A flexible spending account is an account that an employee establishes through his employer, which offers substantial tax advantages. An employee must designate a certain amount of funds for this account. The money from the employee’s paycheck is then diverted into the FSA. The employee is free to draw on the funds in this account to cover medical care costs and costs related to care for dependents. Expenses not covered by the employee’s insurance policies, such as co-pays and deductibles, can be paid by the FSA. Also, medical and dental expenses that exceed the benefits provided by medical and dental insurance policies can be paid using funds from the FSA.

Source: Do flexible spending accounts (FSA) funds roll over?

This is important for two reasons. Patients who have put FSA funds aside for this year, 2015, must spend them. Patients who are considering major work in the coming year need to elect how much to put aside for the coming year.

Use your management system to find patients with a significant treatment plan, maybe $3000 or more. Send them all a letter or e-mail asking if they have a Flex benefit plan and advising them that they can use it to get the dentistry they need done next year and save a bundle in taxes at the same time.

If you do not know how to do this with your software…why not. Call a trainer today.

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