Medical Expenses Enter the amount you expect to pay out of pocket for:. Copays, coinsurance, and deductibles. Dental Expenses Enter the amount you expect to pay out of pocket for:. Vision Expenses Enter the amount you expect to pay out of pocket for:. Corrective Eye Surgery.
Pharmacy Expenses Enter the amount you expect to pay out of pocket for:. For a more complete list click here. The figures entered on the input page of this calculator are for hypothetical purposes only. You should enter figures that are appropriate to your individual situation. The results provided by this calculator are also intended for illustrative purposes only and accuracy is not guaranteed.
Bank of America and its affiliates are not tax or legal advisers. This calculator is not intended to offer any tax, legal or financial advice, nor does it predict or guarantee the actual results of any product. A Healthcare Flexible Spending Account FSA is a health care account offered by employers and is compatible with all types of health insurance plans. Many employers offer pre-tax benefits like flexible spending accounts. Watch this video to learn more about how these benefits save you money.
More than just taxes come out of your paycheck. Understand how it works, and what each line item could mean to you. Any interest or earnings on the assets in the account are tax free. You may be able to claim a tax deduction for contributions you, or someone other tahn your employer, make to your HSA. Bank of America recommends you contact qualified tax or legal counsel before establishing an HSA.
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Bank of America, N. Got any of your own tips for making the most of your FSA? Share them with us in the comments. My FSA has come in very handy, what with all my doctor's visits throughout the year yay chronic illness! Know what it's good for? You know those creepy cat-eye or radioactive-symbol or white-out or whatever contacts you were drooling over at Halloween?
That's right, they're covered! If you've got leftover money at the end of the year, stock up on contact lenses and solution. The A. By Melanie Pinola. Savings Calculators. Frequently Asked Questions. Dismiss Dialog. Print Close.
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