Can I Use My Flexible Spending AccountsPrescription Drug Reaction Testing and your Flexible Spending Account Let your tax free dollars reduce the cost of Prescription Drug Reaction Testing! By using tax-free Flex Spending money to reimburse you for eligible medical expenses, a Flexible Spending Account can reduce your out of pocket costs by hundreds. FSA enrollment periods are brief and yours may open soon - for
details on how to set up an FSA, see your Employee Benefits. Frequently Asked Questions About Flexible Spending AccountsCan I use my Flexible Spending Account for Prescription Drug Reaction Testing?Most Flexible Spending Accounts cover Prescription Drug Reaction Testing, to be certain, check with your provider. How do I know if I have a Flexible Spending Account?Check with your human resources manager. Be sure to ask if there is a maximum contribution amount and when are the open enrollment dates. What if I have money left over from my Flexible Spending Account this year?Depending on the amount, you may want to consider ordering this potentially life-saving testing now. How do I pay for Prescription Drug Reaction Testing if I am using a Flexible Spending Account for Prescription Drug Reaction Testing?Ask the DNA Testing Consultant for an itemized receipt with CPT codes which you should submit to your Flexible Spending Account administrator. They will reimburse you directly from the amount you have budgeted for in your FSA account. How long does it take to get reimbursed?Most Flexible Spending Account management companies process claim payments on a frequent basis. However, please check with your human resources manager or the FSA Administrator to determine your company’s payment schedule. Are there any additional costs to me for using/planning to participate in a Flexible Spending Account?No, Flexible Spending Accounts are voluntary programs sponsored by employers as a benefit to their employees. Plan NowFlexible Spending Accounts (FSAs) are one of the most versatile yet underutilized benefits offered to employees. Now is time to start planning to use this benefit. Below is a “real life” example of how a flexible spending program helped an employee give himself a 30% discount ($237) off the cost of Prescription Drug Reaction Testing Extended Panel. This procedure, as well as any number of health care costs, can be paid with “pre-tax” dollars, resulting in significant savings in your take home pay. Save up to 30% — here’s how! Without an FSA With an FSA * Illustration assumes federal tax at 17%; FICA at 7.65% & state tax calculation at 5% for a total of 29.65% - individual state tax will vary. The net cost of Prescription Drug Reaction Testing budgeted with pretax FSA dollars equals $563 [$800 fee minus $237 tax savings] If you would like to learn more about using your Flexible Spending Account for Prescription Drug Reaction Testing, call a DNA Testing Consultant today at 800-523-6487. The Testing ProcessThe process is simple. We send you prepaid return mailing supplies and a cheek swab collection kit. You collect your samples in the privacy of your home and return them in the packaging provided. Results are typically available 2-weeks from the receipt of samples in our lab. Four-day (STAT) testing is available for an additional fee. Ordering TestsCall Genelex today at 800-523-3080, order on-line, or download
the order form and fax or mail in your order. Don't forget to
take a look at our other informational genetic testing products
now as you receive significant discounts when ordering tests
at the same time. |
