Health and medical expenses are covered by a Flexible Spending Account or Medical FSA to promote general well-being. These accounts are used to cover health and medical expenses both for you and your dependents (usually children).
Take advantage of your pre-tax benefits this year! You may be able to save on routine expenses, like preventative healthcare costs. As an FSA account holder, you have access to your entire annual amount as soon as you choose it, and it can be used for medical, dental & vision costs.
Here’s a list of 17 FSA eligible expenses that may surprise you:
- Acne medicine
- Baby monitors
- Blood glucose test strips
- Chiropractic care
- Fertility treatments
- Foot massager
- Heating pads
- Laser eye surgery
- Medicated hand cream
- Orthodontia (non-cosmetic)
- Prenatal vitamins
- Prescription contact lenses / sunglasses
- Shoe inserts
- Sunscreen with SPF 15 or higher
- Travel pillows
Unlike Health Savings Accounts (HSAs) funds that roll over year after year, FSA funds follow the use-it-or-lose-it approach and will usually expire on December 31st of each year. You should become familiar with the details of your specific benefits plans in order to get the most out of your FSA funds.
The FSAstore.com is also the only e-commerce store that exclusively stocks thousands of FSA-eligible products to make it easier for account holders to utilize their tax-free benefits.