Utilizing all of the benefits of your FSA is one of the best ways to ensure that you are adequately caring for your eyes. "A Flexible Spending Account (also known as a flexible spending arrangement) is a special account that you put money into that you use to pay for some out-of-pocket health care costs," according to Healthcare.gov.
Because the money you put into your FSA isn't taxed, you can save money on taxes while still getting good health care. Many consumers are unaware that vision and eye care costs typically qualify as FSA-eligible expenses.
Expenses for Eye Care That Are FSA-Eligible
Here are a handful of expenses that are typically considered FSA-eligible.
- Corrective Lenses: If you require corrective lenses to improve your vision, they are most likely FSA-eligible.
- Frames: Of course, you'll need frames to hold your lenses in place, and these are likely to be covered by your FSA. You can choose your stylish frames from the extensive selection at Asheville Vision and Wellness.
- Prescription Sunglasses: Sunglasses are a luxury unless you need them to see more clearly. If you require prescription UV protection, they are most likely FSA-eligible.
- Eye Exams: An yearly eye checkup is recommended for everyone over the age of six, which your FSA may cover in part or in full. Make an appointment for an eye exam at a time that is convenient for you to check for any changes in your vision that may require the usage of corrective lenses. Exams for your entire family are likely eligible for FSA.
- Contact Lenses: If your contacts are required for vision correction (rather than just changing your eye color), you may be eligible for an FSA.
- Reading Glasses: As we become older, we may not require corrective lenses as much as we used to, but only a little aid in reading more clearly. If you require reading glasses, you may be able to purchase them with your FSA, even if they are not required for everyday usage.
- Other Eye Health Needs: If you require drugs or have other eye health expenses, you should check to see if they are FSA-eligible.
Keep in mind that if you don't use your FSA account by December 31st, you may lose those funds. Some people keep their FSA funds for too long, forgetting to utilize them before it's too late since they don't want to use them too soon.
Your Trusted Asheville Eye Care Professionals - Asheville Vision and Wellness
It's the perfect time of year to start thinking about your eye health. Don't leave it until the last minute to use your FSA.
Asheville Vision and Wellness offers high-quality eye treatment and can assist you in maximizing your insurance benefits and flexible spending account. We've spent three decades helping Asheville people take better care of their eyes and view our lovely region more clearly.
If you are ready to use your full insurance benefits while making sure your eyes are properly cared for, contact the team at Asheville Vision and Wellness today.