Have a Flex Spending Account? Here Are 26 Surprising Things It May Pay For

Posted On Jan 13, 2020 By admin With Comments Off

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Many of us use our adaptable spending accounts to pay for out-of-pocket medical overheads like doctor see co-pays or medications that aren’t covered under medical insurance.

For example, amazingly, sunscreen is considered an FSA reimbursable outlay.

It’s true-life! The IRS has a handy list of medical supplies and business covered by your FSA. That’s the register to the preparations for your 2018 returns, but no recent informs have been published since that time.

You’ll find even more concoctions and plies when you search for FS-Aeligible products and services at FSAStore.com or by searching for FS-Aeligible produces on Amazon.

What Can You Buy With a Flexible Spending Account?

So what can you buy with a adaptable spending account? Now got a few highlights that may also surprise you.

Take care of your lips with moisturizing lip balm. Your best bet is to invest in lip care produces with sunscreen to take lip care to the next degree.

Your FSA extends the primary outlays for service animals, including civilize fees, nutrient and veterinary attend.

You can use your FSA to cover the cost of removing lead-based paint from your dwelling. The unfortunate catch: It’s simply an admissible expense if your child already has or had lead poisoning.

Some women’s health products and services are covered. Pregnancy test gears, birth control pills, post-mastectomy breast reconstruction and abortions are all considered eligible expenditures. Though menstrual cramp relief concoctions are covered, feminine cleanlines makes, inexplicably, are not.

Reproductive services are covered for men and women, including sterilization, vasectomies, lactation expenditures and some fertility enhancement procedures.

Your FSA extends a variety of family planning and sexual health products like condoms and STI test packages.

Medical monitoring supplyings like stethoscopes, blood pressure cuffs and thermometers are FS-Aeligible.

All kinds of eye care and vision makes from eye plummets and contact lens solution to eyeglasses and sunglasses.

Acupuncture, pay a visit to an osteopath, medical care from a Christian Science Practitioner and tune-ups by a chiropractor are all covered under your FSA.

It can be tough to tell what products and services are covered by your FSA. If you aren’t sure, check with a tariff professional or check immediately with the IRS.

“If you can’t find the overhead you are searching for, refer to the definition of medical overheads under What Are Medical Expenses, ” says the IRS.

Lisa McGreevy is a former staff writer at The Penny Hoarder.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide make and save money by sharing distinct job opportunities, personal narrations, freebies and more. The Inc. 5000 graded The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.