We can’t believe that 2021 is almost over either, but we are looking forward to a better 2022. However, before we begin thinking about next year, there is something you need to take advantage of first.
Do you have a flexible spending account (FSA) balance? Do you have money in that account that you don’t know what to use it for? Well, you’re in luck because you can use your FSA balance on dental services such as getting your snoring checked, and your temporomandibular joint disorder (TMD) or sleep apnea treated at AZ Sleep & TMJ Solutions.
Let’s take a look.
FSA funds are “use it or lose it”
Flexible spending accounts, or FSAs, allow employees to obtain reimbursement for various medical expenses. But because they are classified as tax-exempt savings accounts, no employment or federal income taxes are deducted from contributions.
In fact, the Internal Revenue Service notes that FSAs have no reporting requirements for federal tax returns. That means distributions are free as long as they are used for qualified medical expenses.
The good news is that, yes, they can be used on dental expenses such as all diagnostic and preventative services. For example, if you need treatment for sleep apnea, that is covered by your FSA balance. And if you are in need of treatment for your TMD or jaw pain, then look no further because your FSA balance can cover that too.
Contact us at AZ Sleep & TMJ Solutions to learn more and schedule an appointment for treatment of sleep apnea or TMD.