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Thu, December 26, 2024

42 FSA-eligible items to spend your FSA dollars on before they expire


Published on 2024-12-26 09:23:11 - CNN
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  • If there's still money in your flexible spending account (FSA), spend those pretax dollars on these Underscored-approved eligible products before you lose it all.

The article from CNN Underscored discusses how Flexible Spending Accounts (FSAs) can be utilized to purchase a variety of health and wellness products, offering a way to save money on out-of-pocket medical expenses. It highlights that FSAs allow for pre-tax contributions from your paycheck, which can then be spent on eligible items like first aid supplies, over-the-counter medications, and even certain medical devices. The piece provides examples of FSA-eligible items, including bandages, pain relief patches, and pregnancy tests, and notes that while some items like sunscreen or menstrual products might not be immediately obvious as FSA-eligible, they indeed qualify. The article also mentions the importance of checking with your FSA provider for specific eligibility as rules can vary, and it emphasizes the need to use the funds before the end of the plan year or risk forfeiting them, although some plans offer a grace period or allow a small carryover.

Read the Full CNN Article at:
[ https://www.cnn.com/cnn-underscored/health-fitness/fsa-eligible-item ]
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