Rockville, MD (PRWEB) December 18, 2012
The staff at Montgomery County optometrists, Shady Grove Eye and Vision Care, would like to remind families that medical FSA, or flexible spending accounts, will only allow 2012 funds to be used until December 31, 2012. After that time, any money that goes unused will be lost to the individual.
Employer-sponsored flex spending accounts allow families to contribute money, deemed for medical expenses, so that income is deducted from pay before Federal, State or Social Security taxes are calculated. This means that contributors reduce their income tax, sometimes by hundreds or thousands of dollars, depending on the contribution.
“The most important thing is for Montgomery County families to recognize that FSA money is “use it or lose it.” Most flex plans allow you to withhold up to $5,000 for child care, in addition what is put away for Mom and Dad’s medical expenses. While it’s great for helping lower tax rates, that’s an incredible amount of money to let go to waste,” said Dr. Alan Glazier of Shady Grove Eye and Vision Care.
As long as the office appointment has been completed on or before December 31st, 2012, FSA participants will still have until March to submit the claims to their provider. Claims that are eligible for reimbursement at Shady Grove Eye and Vision Care Center include: fees paid to the office for services, contact lenses, eyeglasses, lens replacements, elective treatments and copays on covered expenses.
Shady Grove Eye and Vision Care Center has been serving the area for over 40 years; Dr. Alan Glazier and crew have a vested interest in the satisfaction of all patients and their award winning doctors use the latest digital diagnostic tools to create the vision and eye care solution each patient desires. Contact the office at (301) 670-1212 for questions about using your remaining flex spending balance.
About Shady Grove Eye and Vision Care:
Empowering patients with vibrant vision for over 40 years, the optometrist at Shady Grove Eye and Vision Care proudly serve the greater Montgomery County area including Rockville, Bethesda, Gaithersburg and Potomac, Maryland. Award winning doctors use the latest in digital diagnostic technologies to provide eye examinations, laser vision correction (LASIK), care and treatment for cornea and retina related diseases and relief from dry eyes with their industry-leading product Lipiflow, as well as contact lenses, eyewear and other optical services.
Visit http://www.youreyesite.com/ for additional information.