What is a cafeteria plan or flexible spending account?
It is a benefit plan that allows you to pay for certain medical and dependent care expenses free of federal, FICA, state and school district taxes. Eligible medical expenses are those which are not reimbursable under any health insurance plan, for example: your deductibles; co-pays; co-insurance; vision; dental and prescriptions, etc.
Related Questions
- Is a flexible spending account or a cafeteria plan a covered entity for purposes of the Privacy Rule and the other HIPAA, Title II, Administrative Simplification standards?
- Are my out-of-pocket Vision Plan expenses eligible for reimbursement under the Health Care Flexible Spending Account?
- What is a cafeteria plan or flexible spending account?
