Measured by any standard, the cost of health care in today’s world is huge. As an employer, you have a keen interest in both the good health of your employees and the price of keeping them healthy. The search for ways to reduce medical expenses is ongoing in your workplace, as well as many others. Health Care Reimbursement Accounts are an important but sometimes overlooked tool for reducing the cost of staying healthy.
Health Care Reimbursement accounts give individuals the opportunity to use pre-tax earnings to pay for out-of-pocket medical expenses not covered by a group plan. Reimbursable expenses incurred by employees or their dependents include those listed below. For more detailed information on qualifying expenses and to access links to important IRS publications,
go to the IRS
Publication 502 (.pdf) and IRS
Publication 503 (.pdf).

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Medical doctors’ fees |

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Eye examinations |

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Prescription drugs |

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Hospital services |

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Surgery |

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False teeth |

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Acupuncturists’ fees |

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Annual physical examinations |

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Eyeglasses |

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X-rays |

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Chiropractors’ fees |

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Ambulance service |

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Psychiatrists’ fees |

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Orthodontists’ fees |

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Dental examinations |

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Contact lenses and solutions |

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Lab fees |

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Hearing aids |

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Nursing home costs |

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Psychologists’ fees |

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Prescribed Weight loss programs |