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Old 06-29-2008, 01:01 PM
Bill
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Default Re: FSA for reimbursed expense


balor123[at]gmail.com (Uri) posted:

- quote -

> Hi,
> I have some medical expenses related to
> business travel (vaccinations) and my
> employer is supposed to be reimbursing me
> for the copays. My employer provides and
> subsidizes my health insurance but I still pay a
> portion of it. I'm wondering - can I use FSA
> funds to pay for these expenses? The
> reimbursement from my company should also
> be tax exempt right?


If any payment you make is going to be reimbursed by your employer, then
you should pay it out of your regular funds. The FSA is tax-sheltered,
and since you are not really paying for these particular expenses (you
know a reimbursement is coming), it would technically become a transfer
of sheltered funds to regular income -- since the reimbursement would
not normally be taxable.

IOW, if you did as you suggest, when you get the reimbursement,
technically that would have to be treated as taxable, in order to
restore the status quo.

Bill

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 06-29-2008, 03:54 AM
Uri
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Posts: n/a
Default FSA for reimbursed expense

Hi,
I have some medical expenses related to business travel (vaccinations)
and my employer is supposed to be reimbursing me for the copays. My
employer provides and subsidizes my health insurance but I still pay a
portion of it. I'm wondering - can I use FSA funds to pay for these
expenses? The reimbursement from my company should also be tax exempt
right?

Thanks,
Uri

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
expense, fsa, reimbursed
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