Consumer accounts such as Health Savings or Flexible Spending Accounts are a great way to make your dollars count. You can set money aside each paycheck to help you cover those out-of-pocket health care expenses, or take advantage of employer-provided funds for expenses. There are also specialized accounts that your organization may offer to offset child or elder care expenses, or even commuting expenses. This site is your one-stop shop to get answers about your MyChoice Accounts — from eligible expenses to IRS limits.
At MyChoice Accounts, we know that every dollar counts. That’s why we want to help you maximize your contributions and your savings. How much should you contribute and how should you spend it? Keep exploring this site to get answers to your questions and put your hard-earned money to work for you.
If you’re an employer looking for more details about account administration, click here.
The IRS determines medical, dental and vision expenses that are eligible with a healthcare FSA as well as a medical HRA that allows eligible items as listed in IRS publication 502. Over-the-counter treatments and feminine care products are now included in the eligible item list.