Flex plans can help save money on medical expenses including acupuncture.

 

You may find this information helpful. Flex plans can save you money on medical expenses and treatment services including acupuncture.

If your medical insurance coverage is limited and does not pay for acupuncture you may want to take advantage of a flex plan.

Flexible Spending Accounts referred to as flex or cafeteria plans allow employees to dedicate a pre-determined portion of their earnings to be set aside for the purpose of paying for health care costs. An employee typically need only show a paid receipt for a health care bill to the employer so that dedicated funds can be paid to the employee without federal or state tax deductions. These dedicated funds will help take care of health care costs when insurance coverage is limited and will also provide a substantial savings in payroll tax as funds are set aside before taxes are applied.

Most flex plans require you to set aside a pre-determined amount of funds at year’s end for the upcoming year’s medical expenses so act soon to set up your personal flex plan.

Contact your insurance company or your company human resource department to find out if a flex plan is an available option.