3 Ways to Eliminate Flex Spending Headaches Almost Instantly

1.    Sign Up Early.

Set aside flex spending dollars now. Many employers set higher limits than you think on the amount of Flex Spending Dollars you can contribute each year, tax free, from your salary to pay for health care expenses like orthodontic treatment. Many employ- ers allow $2,500 or even $5000 of pre-tax earnings to be set aside in your flex plan.

Failing to sign up early could cost you more out of pocket orthodontic expenses, especially if your plan is not set up and ready before your orthodontic treatment begins. If you have a new plan, work with your plan administrator to sign up early for next year in order to maximize your savings!

2.    Make Your Employer  Aware of Family Status Change

Different employers have different sign up deadlines, but typically at the beginning of the year your employer asks how much money you want to contribute to your Flex Plan for the year. You only have one opportunity to enroll, unless you have a qualified “family status change.”

Family Status changes like marriage, birth, divorce, or loss of a spouse’s insurance coverage are qualified reasons to change your plan, and possibly add more coverage for orthodontic treatment.

3. Choose Wisely

Give some thought to calculating how much money to contribute this year. If you are considering orthodontic treatment, visit our office for a FREE consultation and our treatment coordinator can help you plan exactly how much money you should contribute to help reduce your out of pocket expenses.

If you put in more money than you need, by law, you lose the money! You have three months after the end of the calendar year to submit claims for eligible expenses from the previous calendar year. Any money left in your account after this three month period is lost.

4.    Use a Health SAVINGS Account

I know I said 3 Ways to Avoid Flex Spending Headaches, but this is a BONUS! Health Savings Accounts are another wonderful way to help fund medical and dental investments. Like Flex Spending Accounts, Health Savings Accounts can be contrib- uted to tax-free. However unlike Flex Spending Accounts, the funds in a Health Savings Account can be carried over and used the following year. This makes plan- ning much easier!

Many people are eligible to set up a Health Savings Account and are able to start contributing right away!

World-Class Chicago, IL, Dentist, Dr. Emilio Couret for Exceptional Dental Care
“I’ve been seeing Dr. Couret for my dental needs for years–before he began his own office even. From Day 1–he was amazing. After years with no dental insurance, I needed a lot of work done, and was insanely anxious. Dr. Couret is an expert at putting you at ease and making you feel at home. And he seems to take the time needed to ensure his staff does the same. My teeth look amazing, and you will not find a more caring, comforting team in Chicago. They take the time to not just check your teeth, but to check of any issues that might arise, including cancers that other doctors may overlook. My husband and I are in the middle of planning a long-distance move, and I can’t even begin to think about finding a new dentist. Especially one that can live up to the standard Dr. Couret and his team have set.”
Ellie B.
Read More Reviews *The reviews are from actual patients of Dente Complete Dentistry. Individual results may vary.
Reviews are not claimed to represent results for everyone.
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Dr. Emilio Couret, our 5-star-rated Chicago, IL, dentist has transformed the smiles of over 6,000 patients. Dente Complete Dentistry offers the most advanced dental care for children and adults. Our dental care and treatment options include teeth cleanings, Invisalign, dental sealants, dental bonding, dental crowns, dentures, root canals, TMJ, anxiety-free dentistry, teeth whitening, veneers, fillings, dental bridges, dental implants, gum disease treatment and athletic mouth guards.
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