Hi,
I put some money in Dependant Healthcare FSA assuming that my hubby is considered as dependant if he is on my health plan. Now I am told dependant is only children under 18 or anyone staying with you - older person. Is there anyway I can claim this money?
I am told there are some exceptions.
2007-07-15 08:34:15 · 2 answers · asked by Jodi 1 in Business & Finance ➔ Taxes ➔ United States
How does one cancel it? I was told that cannot be done.
2007-07-16 01:52:54 · update #1
Unless your husband is disabled and you have to hire someone to care for him so that you can work you won't be able to do anything with the funds.
Your only chance of recovering the funds appears to be to see if you can have the contributions rolled back and cancel the FSA or see if you can get it re-classified as some other type that you might be able to use.
2007-07-15 08:56:43 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
You may have contributed to a "dependent care FSA". This was a mistake unless you have dependent care expenses or a spouse needing care so you could work.
If you contributed to a "healthcare FSA" then any expenses which would be deductible as health care expenses for you, your dependents, or your spouse, would be reimbursable expenses.
There is no IRS entity called "dependent healthcare FSA" so I'm not sure what your contribution is for.
If you signed up for this without knowing what it was, ask that it be rescinded. Otherwise, cancel it right away as it was an error.
2007-07-15 10:15:44 · answer #2 · answered by ninasgramma 7 · 1⤊ 0⤋