Have a Flex Spending Account? Here are 26 Surprising Things It May Pay For
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Many of us use our Flexible Spending Accounts to pay for out-of-pocket medical expenses like doctor visit co-pays or medications that aren’t covered under medical insurance.
I recently mentioned that, surprisingly, sunscreen is considered an FSA reimbursable expense.
It’s true! The IRS compiled a handy list of medical supplies and services covered by your FSA.
You’ll find even more products and supplies when you search for FSA-eligible products and services at FSAStore.com or by searching for FSA-eligible products on Amazon.
Here are 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 products with sunscreen to take lip care to the next level.
- Your FSA covers the primary expenses for service animals, including training fees, food and veterinary care.
- You can use your FSA to cover the cost of removing lead-based paint from your home. The unfortunate catch: it’s only an allowable expense if your child already has or had lead poisoning.
- Some women’s health products and services are covered. Pregnancy test kits, birth control pills, post-mastectomy breast reconstruction and abortions are all considered eligible expenses. Though menstrual cramp relief products are covered, feminine hygiene products, inexplicably, are not.
- Reproductive services are covered for men and women, including sterilization, vasectomies, lactation expenses and some fertility enhancement procedures.
- Your FSA covers a variety of family planning and sexual health products like condoms and STI test kits.
- Medical monitoring supplies like stethoscopes, blood pressure cuffs and thermometers are FSA-eligible.
- All kinds of eye care and vision products from eye drops and contact lens solution to eyeglasses and sunglasses.
- Acupuncture, visits 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 tax professional or check directly with the IRS.
“If you can't find the expense you are looking for, refer to the definition of medical expenses under What Are Medical Expenses,” says the IRS.
Lisa McGreevy is a staff writer at The Penny Hoarder. She is not a tax preparer and this list is for informational purposes only. As in many things in life, the IRS has the final word.