How to Use Your FSA for Eye Care

FSA for Eye Care

Did you know you can use your Flexible Spending Account (FSA) funds to cover a wide range of out-of-pocket healthcare costs, including vision care? Eligible expenses include annual eye exams, contact lenses, and eyeglasses. Some over-the-counter medications may also be eligible if they are prescribed by a doctor for the treatment of a specific condition.

Now that you know the wide variety of eligible eye care items, you may be wondering how you can use your funds? Here are a few tips to help you make the most of your FSA funds, using a new lens prescription as an example.

Use a Rebate or Coupon as a New Customer

One way to save on your eye care expenses is to take advantage of rebates or coupons that may be available, especially if you are a new customer. Be sure to ask your eye care provider if they offer any discounts that could help reduce the cost of your purchase

File the Reduced Amount on Your Claim

If you do use a coupon or rebate, be sure to file the reduced amount on your FSA claim form. This will ensure that you are only using FSA funds for eligible expenses.

Remember to Use Your Eye Insurance

In addition to your FSA, you may also have eye insurance that can help cover the cost of your prescription. Be sure to check to see what coverage is offered and what expenses are eligible for reimbursement. Then, submit any eligible expenses to your insurance company along with your FSA claim form.

Pay for the Rest With Your Funds

Once you have taken advantage of any rebates, coupons, or insurance coverage, you can then use your FSA funds to pay for any remaining balance. Remember that you can only use your FSA funds for eligible expenses, so be sure to keep track of what you are spending your money on. Need eligibility confirmation in a snap? Just open your BRIMOBILE app on your phone and use the eligible item scanner or browse the built-in list.

The Beniversal Prepaid Mastercard provides instant access to funds at approved providers through the card or your preferred digital wallet.

NOTE: Be aware of non-eligible add-ons. Some items, like blue light filters, may not be eligible for reimbursement through your FSA. Be sure to check with your plan administrator before making any final purchase decisions.

Maximize Your FSA

By following these tips, you can make the most of your FSA funds and ensure that you are using them only for eligible expenses. Taking advantage of rebates and coupons can help reduce the overall cost of your purchase, and using your eye insurance can help cover even more costs. By being aware of what is and is not an eligible expense, you can minimize waste and maximize the benefit of having an FSA.