Flexible Spending Accounts – USE IT OR LOSE IT!
Affordable Dentist in Silver Spring MD
We are always striving to make dental care affordable for our patients in Silver Spring and surrounding communities in Maryland. Understanding your Dental Insurance Policy and Flexible Spending Accounts is very important in order to “Maximize” your benefits. We are trained to look into these policies and give you the information needed to avoid unexpected bills and lessen the burden on you.
End of the calendar year is always some of the busiest times for a dental office because many people are taking advantage of expiring insurance policies and maximums. Most dental insurance policies expire at the end of the year and restart at the beginning of the calendar year so it behooves you to take advantage of any money left before its gone forever! What you do not use will go to waste!
Flexible Spending Accounts also expire at the end of the year. FSA is a benefit that allows you to reduce your tax burden by setting aside a certain amount of money “TAX FREE” from your paycheck for eligible dental or medical expenses. This account may be used to pay for co-pays, deductibles and portions not covered by your insurance policy. Unfortunately the IRS has a “use it or lose it” policy when it comes to FSA. If any money is remaining in this account, it is lost. It is also important to note that you may be eligible to use the funds of a FSA account to pay for treatment of a spouse or a dependents.
Make an appointment with Dr. Nima Raoufinia at our Silver Spring office today to take advantage of any remaining insurance or FSA money you have left!
Call us today at 301-565-4555 to make an appointment in our Silver Spring Maryland office with Dr. Nima Raoufinia to discuss the different options that are available to you.