Your employer may offer a benefit known as Flexible Spending Accounts (FSA). FSAs are specifically designed to provide some tax relief for health care expenses. Employees that take advantage of FSAs must decide at the beginning of each year how much money to withold from their regular paycheck. This money will be put into the FSA and is only taken out on a tax-free basis for medical expenses that qualify under your plan. Check to see if your employer's FSA plan considers cord blood banking as a qualified expense. If so--you can avoid paying taxes on the money spent for the procedure.
Saturday, May 16, 2009
Is cord blood banking a qualified expense under FSA
Here's some info from this article....has anyone successfully used FSA for cord blood banking?
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