What Items Are Eligible For Flex Spending Account?

These items typically require a valid prescription from your doctor in order to be FSA eligible.

  • Acid controllers.
  • Acne medicine.
  • Aids for indigestion.
  • Allergy and sinus medicine.
  • Antidiarrheal medicine.
  • Baby rash ointment.
  • Cold and flu medicine.
  • Eye drops.

What can FSA be used for in 2019?

The IRS has just announced that for 2019, individuals can contribute $2,700 to their FSA. The FSA increase also applies to limited-purpose FSAs (LPFSA) that is limited to vision and dental services, which can be used in cooperation with a health savings account (HSA).

What Stores Can I use my FSA card?

FSA funds can also pay for physical therapy, chiropractic care, acupuncture, prescription drugs and many over-the-counter healthcare items like medications, bandages, home health monitors and activity trackers.

Can I use my FSA for gym membership?

The IRS does not allow FSA funds to be used for paying health insurance premiums and long-term care coverage. However, in rare circumstances, a doctor may issue a medical note advising an FSA beneficiary to enroll in a gym to treat his specific condition. In this case, FSA funds may be used to pay for a gym membership.

What baby items are FSA eligible?

Everyone loves a deal.

  1. Bundles. All products are FSA-eligible. No prescription needed. Travel Essentials Bundle.
  2. Goodies. All products are FSA-eligible. No prescription needed. Goodies.
  3. Baby & Mom. All products are FSA-eligible. No prescription needed. Baby Health & Essentials.

How does flex spending work?

Money is set aside from your paycheck before taxes are taken out. You can then use your pre-tax FSA dollars to pay for eligible health care expenses throughout the plan year. You save money on expenses you’re already paying for, like doctors’ office visits, prescription drugs, and much more.

Are electric toothbrushes FSA eligible?

Toothbrushes are not eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement accounts (HRA), dependent care flexible spending accounts, and limited care flexible spending accounts (LCFSA) because they are general health products.

Can I use my FSA card at Target?

Since Target is an IIAS merchant, when you checkout, you can use your FSA-branded benefit card. Target’s system will automatically know that your contacts solution is FSA-eligible, and will allow your FSA card to pay for it. Your Target receipt will even indicate what items were FSA-eligible and paid by your FSA.

Can I use my FSA card at Walmart?

Walmart.com currently does not accept FSA or HSA cards as a payment method. Please use a credit, debit, or gift card to pay for your order with FSA and HSA eligible items, then submit your order receipt to your plan administrator for reimbursement.

Can I use my FSA card anywhere?

In most cases, FSA account holders will receive an FSA card to make purchases, but it can’t be used everywhere.

Are vitamins FSA eligible?

Are vitamins considered FSA-eligible expenses? Vitamins or nutritional supplements (herbal or natural medicines) used for general health are not FSA eligible expenses. However, if vitamins are used to treat a medical condition, they may be eligible.

Are condoms FSA eligible?

Condoms: FSA Eligibility. Condoms are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA). They are not eligible for reimbursement with dependent care flexible spending accounts and limited care flexible spending accounts (LCFSA).

Can I use my FSA for a friend?

When it comes to your personal FSA, you can only use your funds for yourself or for people who are considered qualifying dependents. So when it comes to your friends, they don’t become qualifying dependents simply because they live under the same roof as you.

Is FSA money available immediately?

When do my Health Care FSA funds become available? The full annual contribution amount for a Health Care FSA is preloaded and immediately available for use at the beginning of the plan year. Any unused money remaining in the FSA at the end of the plan year is returned to the employer.

What happens to FSA if you leave job?

Money left unused in your FSA goes to your employer after you quit or lose your job unless you are eligible for and choose COBRA continuation coverage of your FSA.

Where does unused FSA money go?

In other words, FSA funds are use it or lose it, and any unused money left over at the end of the year is no longer yours. Unused funds go to your employer, who can split it among employees in the FSA plan or use it to offset the costs of administering benefits.