Originally Posted by
Jazzop
You paid $1000 for a procedure. You get 1000 points on your credit card, and you file for reimbursement from the FSA, getting $1000 back in cash. Your insurance pays 80%, so you eventually get the $800 back from the insurance company.
See how this lets you maximize points and pre-tax FSA money?
If I'm reading this correctly, you're proposing getting reimbursed by both your FSA and your insurance company for the same bill (i.e. getting $1800 back for a $1000 bill). Good luck with that if the IRS, the insurance company, or your employer finds out about it.
Having said that, it is still a good idea, but you should only submit your actual out of pocket expenses against your FSA (i.e. the amount left over after your insurance company reimburses you ($200 in your example)).