![]() First-aid accessories, like finger splints and slings.Many common over-the-counter first-aid supplies are eligible for FSA reimbursement as well. Anti-itch cream and other topical ointments.Cough and cold medication, including cough syrup.Over-the-counter pain relievers and fever reducers like ibuprofen and acetaminophen.Nasal sprays for cold, allergy, and general congestion.This year, it feels like the entire pharmacy aisle is up for reimbursement: Over-the-Counter Medicationįederal COVID-relief legislation greatly expanded the list of FSA-eligible medications. Or take the fun find-your-frame quiz to find the perfect match. It also carries specialty glasses, such as multifocals, sport glasses, and clip-on and polarized sunglass lenses.īefore you choose from the more than 9,000 frames in stock, use ’s frame sizing and virtual try-on tools. offers prescription eyeglasses, nonprescription lenses, sunglasses, and contact lenses for kids and adults. You can get affordable, stylish eyewear products at online retailers like. Then, replace your glasses, buy prescription sunglasses, or order new contacts to go into the new year with style.īut that doesn’t mean you should splurge on eyewear. So schedule an eye exam, especially if you know your prescription has changed. If your health insurance doesn’t include vision coverage, your FSA is likely your best option to reduce out-of-pocket eye care and eyewear expenses. These are the most common FSA-eligible expenses allowed under existing law. You shouldn’t have trouble spending down your FSA account, but you need to get moving. So you should always choose your FSA over your HSA when you have the option. But health savings account balances have no expiration date and can grow tax-free indefinitely. Note that some FSA-eligible expenses are also health savings account-eligible. Fortunately, many health and wellness expenses are eligible for FSA reimbursement. ![]() If most of your health care FSA balance will evaporate this New Year’s Eve, you have some shopping to do. But employers aren’t required to make this change, and many haven’t. That’s not necessarily the case this year thanks to a federal law permitting employers to allow employees to carry over unused FSA funds from this year to the next. You can only carry over a small portion of the funds - $550 of the $2,750 maximum contribution - into the next year. For legal or tax advice, you should consult your own counsel.Typically, you must spend most of the money in your health care flexible spending account (FSA) before Dec. The information in this blog post is for educational purposes only. By linking to these products, WEX is not endorsing these products. WEX receives compensation from some of the merchants identified in its blog posts. Simply update your eye prescription, pick frames that suit your face, and a lens to match your prescription.Ĭheck out the FSA Store and the HSA Store for more information on eligible products. However, regular sunglasses are ineligible unless the frames are able to fit prescription lenses. ![]() Your funds can also cover prescription sunglasses that protect your eyes from sun damage and provide optimal vision correction. And you can dip into your HSA and medical FSA funds for eligible products, including hydrocortisone cream, medicated moisturizers, aloe, and more. A sunburn will clear up on its own over time, but in severe cases, additional treatments may be necessary to combat the discomfort. Whether you forget to apply sunscreen or linger in the sun for too long, there are remedies for treating a sunburn of all levels. There are plenty of options available, including this one. Lip balm with an SPF of 15 or more is eligible under your HSA and medical FSA. ![]() Extended sun exposure gradually breaks down your collagen and can result in thinning lips. SPF lip balmĭon’t neglect your lip protection during the summer months! Lip balm with SPF can help protect your lips from sun damage and signs of aging. HSA Store and FSA Store have multiple products to choose from, including this continuous spray. Children’s sunscreen, suntan lotion with SPF, and more are eligible for reimbursement with your HSA and medical FSA. You’re going to need sunscreen, and you need to be sure you’re choosing the right kind. There’s a good chance you’re planning on spending some time in the sun over the next few months. The temperature is rising and summer is right around the corner! How’s your sunscreen stock? Sunscreen can cost as much as $40 a bottle, but did you know you can actually use your health savings account (HSA) or medical flexible spending account (FSA) funds on many SPF-related expenses? We break down their HSA and FSA eligibility so you can be ready for some sun! Sunscreen ![]() Are sunscreen and other SPF products HSA and FSA eligible? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |