Pretax medical saving account

---> Posted by cfz @ January 5, 2009 at 5:27 pm edit
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  • I began a new job on April 8, 2002. At that time I signed up for a pretax medical savings account. Money is taken from each paycheck and placed in that account. I can make claims against the account for any medical expenses that are not reimbursed from my medical insurance. I have incured medical expenses during 2002 that were not reimbursed under my prior employer's insurance program. That employer did not offer a pretax medical savings account. Can I make claims against the new medical savings account for unreimbursed medical expenses that I incurred prior to starting the new job? If I can make a claim, how can I prove this to my "agent" that refuses to allow me to file?


  • Hi Sinvacas, Could you check to see if you signed up for an actual "Medical Savings Account" or a "Medical Reimbursement Flexible Spending Arrangement (FSA)." As similar as they sound, they are quite different. It is probably the latter, as it is much more common. If you are obligated to use all of the pretax dollars you contributed by the end of the year or it is forfeited, then it is a Medical Reimbursement FSA. Thanks, Pinky-ga


  • I have checked, and the account is an FSA.


  • Greetings! I also have a flex plan where I work, but unfortunately, we could not submit any expenses prior to the date the plan took effect. There is a waiting period before you can submit claims. I reconfirmed this information with my Human Resource department, and the director assured me that the rules concerning Flex Plans are the same for every company. Company's offering this type of plan must follow the guidelines set forth by the government. It has been a pleasure to research your question. Links of interest: Flex-Plan Services Incorporated http://www.flex-plan.com/flex.asp Common Ineligible Flexible Spending Account Expenses Please scroll down to the last item on the list: http://www.flex-plan.com/flex.asp Search strategy: Contacted a director of Human Resources for confirmation Google term flex plan


  • Thanks for your help, but I would like to clarify a couple of points. I can understand why medical expenses incurred prior to the start date might be ineligible, if they were from a prior tax year for example. But did your HR representative clearly understand that, in this instance, the change took effect during a tax year, and that the issue is eligibility of expenses incurred before the plan that were incurred during the tax year in question, not expenses incurred subsequent to leaving the plan, which is the only related issue that I found to be explained in the reference you provided. thanks, Sinvacas


  • Hello again, First of all, let me apologize for the problem concerning the links that I have listed. I did not realize that they were not taking you to the information that I wanted you to see. The main one was listed under the FAQ Sheet: "What would my flexible benefit plan year be? " "The effective date of your Flexible Benefit Plan would be the first of the month in which you adopt the plan. The plan year-end may be calendar, fiscal or your insurance plan year-end each year." Second, when I talked to my Human Resource director, I did make the point that these expenses were for medical bills that you incurred in 2002, but prior to starting your new job with your current employer. I will be happy to reconfirm this information with my Human Resource department after the weekend. I will inform you of any further information. Thanks madsky101


  • Hello again! I received this email today from Stanley Aitken, with Flex-Plan.com He writes: "IRC Sec 125 allows a participant to be reimbursed for expenses incurred while an active participant. Expenses incurred either before or after the plan year are not eligible." I am happy to find the conclusive evidence that answers your question. If you need to reach Mr. Aitken for further information, you will find the link to the Flex-Plan company listed. Thanks again, and it has been a pleasure to provide assistance. Links of interest: Flex-Plan http://www.flex-plan.com/flex.asp







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