If you don't think vision insurance is worth it but you still want some assistance, look
into flexible spending accounts (FSAs) and health savings accounts (HSAs).
While insurance doesn't usually cover the cost of baby accessories, no matter how critical, the IRS announced in 2011 that new mothers can use money deferred
into a Flexible Spending Account to purchase a breast pump, according to Forbes.
Not exact matches
If your employer's benefit plan includes a
Flexible Spending Account, you can allocate a portion of your pre-tax wages into the account, which reduces your taxable
Account, you can allocate a portion of your pre-tax wages
into the
account, which reduces your taxable
account, which reduces your taxable income.
The IRS, under new rules for
flexible spending accounts that will go
into effect in January, denied that request and has ruled that breast - feeding does not have enough health benefits to qualify as a medical expense.
Any money put
into a medical care or dependent care
flexible spending account is pre-tax so putting a couple thousand dollars
into an
account can save you hundreds of dollars in taxes.
Flexible spending accounts, also called flex plans, are fringe benefits which many companies offer that let employees steer part of their pay
into a special
account which can then be tapped to pay child care or medical bills.