Ask the Experts: Flexible Spending Account

Question: I have until the end of the year to use my Flexible Spending Account, does your company accept insurance and can I use the money in my Flexible Medical Pay Account to cover some of the costs of working with BWell Fit.

Answer: YES YOU CAN!! We are happy to announce that BWell Fit is able to accept insurance and FSA/HSA for some of our services that could help you detect signs of and prevent serious illnesses such as heart disease and diabetes. This illness can be prevented and controlled with proper nutrition, fitness and lifestyle choices. Contact us today for a list of covered items: info@bwellfit.com or call (877) 319-1133.

So what is flexible spending arrangement (FSA) or Flexible Spending Account? It is one of a number of tax-advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. An FSA allows an employee to set aside a portion of his or her earnings to pay for qualified expenses as established in the cafeteria plan, most commonly for medical expenses but often for dependent care or other expenses. If you need to improve your health and wellbeing of if your goal is to lost weight while improving your lifestyle, contact us for a list of offers and programs.

As the New Year approaches, employees and their dependents around the country are rushing to get check-ups and stock up on needed items before the deadline to use their current account. Otherwise, they'll lose the money left in their 2008 flexible spending accounts. While most people know that they can use the account for check-ups, prescription medications and treatments, you can also use these resources to better your health and prevent illnesses and disease.