![]() For example, an FSA can cover an eye exam, chiropractic visit, or even massage therapy. FSA participants set aside a portion of their paychecks to pay for certain out-of-pocket medical products and services tax-free. This tax-advantaged account allows employees to contribute pre-tax dollars to pay for qualified health expenses. What is a flexible spending account? (FSA)Ī flexible spending account is an employer-sponsored health benefit. Below we list some FSA-covered items that may surprise you, and let you know how to maximize your benefits. New legislation has loosened FSA-eligibility requirements and provided more ways for Americans to boost their FSA purchasing power. According to a 2020 GoodRx survey, nearly one out of every three Americans saw a spike in their out-of-pocket costs for an ongoing health condition.įlexible spending accounts are a great way to keep your costs down while lowering your taxable income. In July, 67 brand drugs increased by an average of 3.5%. This is a win for many Americans who’ve had to deal with drug price increases and rising out-of-pocket costs. ![]() The COVID-19 pandemic paved the way for expanded FSA benefits, such as coverage for pain relief medications and allergy products without a prescription. Late fees (e.g.Flexible spending accounts (FSA) have been in the spotlight lately. Qualified premiums include: COBRA health insurance, insurance premiums after you reach age 65 (including Medicare Parts A, B, C and D but not Medicare supplement plans), qualified long-term care insurance, health insurance premiums while receiving unemployment compensation under state or federal law and premiums for employer-sponsored retiree medical plans for account holders 65 and older. Household products/improvements to treat allergiesĬounseling must be performed to alleviate or prevent a physical or mental defect or illnessĬertain health insurance premiums are eligible to be paid out of an HSA. Home improvements (e.g., exit ramps, widening doorways) ![]() Guide dog/service animal (purchase, care for, training) Ibuprofen, Advil, Motrin, Midol, Naproxen, Aleve, NaprosynĪsthma treatments (e.g., inhaler, nebulizer)īreast reduction surgery that is medically necessaryĬhildbirth/lamaze classes (related to birth)Ĭhiropractic treatments (e.g., adjustments)Ĭoinsurance amounts (health, dental or vision)Ĭomtrex, DayQuil, NyQuil, Motrin, Theraflu, Vicks, SudafedĬonvalescent home (for medical treatment only)įor repair or reconstruction after accident or surgery or for correction of birth defectĬosmetics, hygiene products and similar itemsĭental procedures, non-cosmetic (e.g., X-rays, fillings, extractions, crowns, implants)ĭiabetic supplies (e.g., insulin, syringe, monitor, insulin pump)ĭigestive relief (e.g.Tums, Pepto-Bismol)Įyeglasses – prescription sunglasses/safety glassesįeminine hygiene products (e.g., tampons)įertility treatments (e.g., artificial insemination, egg donor fees, in vitro)įluoridation treatment at a dental office ![]() Maalox, Tums, Pepto-Bismol, Pepto Bismol, Alka-seltzer, Prilosec, Pepcid, Omeprazole, Zantac, NexiumĪllegra, Benadryl, NSAIDs, Claritin, Zyrtec, Xyzal, Antihistamines, Alavert, Brompheniramine, Clarinex, Astelin, Optivar, Elestat, Patanol, Flonaseīiofreeze, Vicks vaporub, Bengay, Capzasin, Icyhot, Solarcaine, chest rub If you have any questions about a product or service which is not in any of these lists please contact customer service: Toll Free: 86.īinder, girdle, posture, lumbo-sacral, lumbar Avoid brand names and use generic terms for this search.
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