Unreimbursed Medical Spending Account
The Unreimbursed Medical Spending Account plan is an opportunity for you to pay for out-of-pocket health care expenses incurred by you and your family members.
Money from each paycheck is deposited into your account, before taxes, through regular payroll deductions. During the year, the plan reimburses you directly from your account for any qualified health care expenses incurred by you and your family members that are not covered by insurance.
This may be the only tax advantage available to you for these kinds of expenses. Few people can ever qualify to deduct these expenses on their tax returns.
For a complete list of Unreimbursed Medical expenses that qualify for reimbursement, click here.
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