Being familiar with insurance terminology helps you better understand your dental benefits.
F
Flexible Spending Account (FSA)
Some dental plans allow members to fund an FSA through pre-tax salary deductions. Members can submit requests to have eligible expenses paid using the balance in the fund, including coinsurance, co-payments, and other covered out-of-pocket expenses. While there are similarities, FSA's differ from Health Savings Accounts (HSAs). The benefit program's dental plan summary documents will outline how FSAs work and what expenses are eligible for payment through the account.
