Re: FSAFEDS Appeals anyone?
Originally Posted by
crws
so that was thru United Healthcare, right?
No, FSAFEDS is not an insurance plan in the FEHB multiple-choice system. I have BC/BS for my insurance.
FSAFEDS is the federal flex-savings account plan, where you decide if you want to put $ aside from your paychecks pre-tax, separarate from your health insurance premiums. You estimate how much out-of-pocket you might pay in a given year and decide to tuck that much away in your account for reimbursement through the year.
Those flex-funds (your money-held in a trust account by FSAFEDS) will reimburse you costs that your insurance plan DOESN't pay-like your deductibles and co-pays, alternative medicine providers, some over the counter things like reading glasses, non-prescription meds (OTC), mileage for out-of-town doctoring, things like that. Your insurance company will normally submit the claims paperwork to FSAFEDS so they can pay what insurance does not.
For things like OTC or mileage, or if insurance forgets to pass along a claim,, you have to submit the claim direct to FSAFEDS to get your $ back-which is what I did.
If you don't spend as much out of pocket by end of the year as you estimated, they get to keep whatever you didn't get spent. Remember, you still set it all aside pre-tax, so whatever you get reimbursed is pretax $ back in your pocket and doesnt get taxed on the backend either.
"life can only be understood backwards, but it must be lived forwards" - soren kierkegaard
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