Your Flexible Spending Account (FSA) is a special tax-free account employees can contribute to in order to pay for certain out-of-pocket health care costs.
FSA’s are a great way to pay for eye care and eyewear—but there is one catch: it follows a ‘use it or lose it’ provision, which means that you must use your benefits by the end of the calendar year.
FSA’s usually cover the majority of out-of-pocket expenses related to health care, including co-payments, deductibles, vision supplies, wearable devices and medical equipment.
But before booking your appointment or purchasing an item, check the details of your FSA account with your employer or representative.
In addition to an eye exam, you can use FSA dollars to pay for the following:
Accessories. Contact lens cleaning and saline solutions, rewetting drops, and even eyeglass cleaner and wipes can all be purchased using FSA dollars.
Not using your benefits is comparable to leaving money on the table and walking away. We can help you take advantage of your FSA funds by providing eye exams and offering a wide array of eyeglass frames and contact lenses to choose from.
For more information or to schedule your eye exam, call Professional VisionCare in Lewis Center today.
Quality Frames For Prescription Eyeglasses & Computer Glasses. Visit Professional VisionCare for an eye exam and eyeglasses that match your style.
While FSA follows a 'use it or lose it' rule, according to HealthCare.gov, your employer may elect to give you a grace period of up to 2.5 months to use the funds or allow you to carry over up to $550 to spend the following year. Clarify the details with your employer." } },{ "@type": "Question", "name": "Does FSA also cover eye surgery?", "acceptedAnswer": { "@type": "Answer", "text": "If you require surgery, such as LASIK, radial keratotomy, or cataract surgery, your FSA may be able to compensate you for the procedure's medical costs.
Because your coverage depends on the surgery, you should check with your insurance representative and your eye doctor to confirm the specifics of your case." } } ] }