![]() ![]() If you find yourself scrambling to buy FSA-qualifying items because you overfunded your account and you expect to have similar medical expenses in the coming years, consider dialing back the amount you contribute to your FSA. What can I buy with my HSA or FSA in 2021-2022 The IRS expanded the list to include OTC products such as pain reliever, face masks and cold and flu medicine. And don’t forget that vision and dental expenses such as prescription eyeglasses and contact lenses (as well as lens solution and cases), reading glasses, and orthodontic braces and aligners are all eligible.įor more ideas, check out the FSA Store's list of FSA-eligible items. Health Care FSA dollars can be used to reimburse you for medical and dental expenses incurred by you, your spouse or eligible dependents (children. It’s one of the eligible FSA expenses, too. : (HCFSA) Some people prefer acupuncture to relieve pain, promote sleep, or improve digestion. You can get a range of medical equipment and devices with FSA funds, from canes, crutches and walkers to blood-pressure monitors, support braces for injured muscles or joints, and CPAP machines and accessories.įirst-aid kits, bandages and thermometers also qualify, as does a sunscreen with an SPF of 15 or higher - that also includes facial moisturizers and lip balms containing SPF. If so, you might want to use your FSA to pay for acupressure. You may increase or decrease your FSA contributions for the Dependent Care FSA and Health Care FSA for the 2022. ![]() If you are also enrolled in the Health Care FSA for 2022, eligible claims will first be applied to your 2021 balance and then will be reimbursed from your 2022 account. More recently, a 2022 Food and Drug Administration ruling opened the door for consumers to buy hearing aids without a prescription and (just as with prescription hearing aids) you can use FSA money to buy them. PayFlex debit card to exhaust your 2021 Health Care FSA expenses. Finally, the limit applies on a per employer basis so long as the two employers are unrelated (i.e. This means that you can now use FSA money to buy pads, tampons, liners, and even menstrual underwear. Thanks to a 2020 law, over-the-counter medications such as pain relievers, cough suppressants, allergy medicine, and heartburn medications qualify, as do certain menstrual-care products.Īs a result of the pandemic, the IRS has also deemed eligible at-home COVID-19 tests and personal protective equipment including face masks, hand sanitizer and sanitizing wipes. The limit applies per employee, rather than on a household basis, so if both spouses are employed and eligible for health FSA coverage, each spouse could contribute up to 2,8. The CARES Act of 2020 added feminine hygiene products to the list of those covered by your FSA. ![]()
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