5 Creative Ways to Spend your FSA Dollars

Are you wondering whether you are enrolled in an FSA? Do you want to know how much is left in your account? Do you have claims you need to submit? Are you wondering when your FSA plan year is over? To find out these answers you need to find out who your FSA plan provider is.

If you are close to the end of the plan year, you may be looking for ways to spend the rest of your FSA dollars so that you don’t lose out on the money you set aside. Here are five ways to spend your FSA that you likely haven’t thought of yet:

2. Update your Frames. Prescription eyeglasses and sunglasses are FSA-eligible expenses. Most vision plans only cover frames in lieu of contact lenses every 12 months, providing a perfect opportunity to use FSA dollars to get contact lenses and frames in the same year.

4. Filling up the first-aid kit or medicine cabinet. Open enrollment and cold and flu season happen to share the same time of year. It’s an ideal time to stock up on cold medicine, the flu shot, heating/cooling packs, and a new thermometer. While you are stocking up on the cold and flu-season must-haves, grab the miscellaneous items you may need over the next year such as a first-aid kit, sunblock, and pain reliever. These everyday items can be purchased from your local grocery store/pharmacy with your FSA card or use an online retailer such as Amazon or CVS.

Jessica Du Bois is an employee benefits consultant for Risk Strategies company.

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