5 FSA Eligible Expenses That I Didn't Know About - image  on https://iamtheflywidow.com

When I signed up for my employer’s FSA during open enrollment, I planned on using the benefit to pay for medical, dental and vision expenses. However, there were 5 FSA eligible expenses that I didn’t know about and it blew my mind.

What is an FSA account?

A Flexible Spending Account (FSA) is a type of savings account that allows you to use tax-free dollars to pay for healthcare costs. There is also a dependent care FSA.

How much money can you contribute?

In 2021, you can contribute up to $2,750. Your employer can lower that limit. Check out this article from Fobes advisor, Kemberley Washington.

What I did know was covered (may vary per employer):

  • Medical Copays
  • Dental expenses
  • Vision expenses (i.e. eyeglasses, contacts)
  • Prescription Copays
  • Over the Counter Medications

What I didn’t know was covered on (may vary per employer):

  • Menstrual care products
  • Acupuncture
  • Chiropractic care
  • Colon hydrotherapy
  • Hand sanitizers
  • Sunscreen
  • Therapy
  • Mileage (to/from appointments)
  • Masks
  • Massage Therapy
  • Invisalign
  • Acne treatments
  • Lip balm

Places to use your FSA Card:

5 FSA Eligible Expenses That I Didn't Know About - image IMG_5778-771x1024 on https://iamtheflywidow.com
FSA Receipt from CVS

There are so many things that I didn’t know were covered and the most surprising of them all was massage therapy! Having a flexible spending account is definitely a form of self-care. One thing that I did learn is that I need to look at all of my projected expenses for the year and adjust my contribution. The money saved is “use it or lose it” and I can only carry over $550 dollars, so it would be a loss if I put aside too much.

Do you have a flexible spending account? Did anything on this list surprise you?