December 31 will be here before you know it. If you have a Flexible Spending Account (FSA), you may still have unused money in your account. Are you unsure of how to spend it all before the deadline?
With the help of our partners at FSA Store, we’ve put together some clever ways you can spend your FSA money before you lose it.
1. Can I use my FSA funds on over-the-counter medications?
Yes! Whether in times of frequent colds or in allergy season, you can be prepared. Stock up on newly FSA-eligible over-the-counter (OTC) medications provided by FSAstore.com for quick relief. Fun fact: OTC medications no longer require a prescription. Click the links below to get the most bang for your FSA buck:
2. I need to get more sunscreen. Can I spend on sun protection?
According to the Centers for Disease Control and Prevention (CDC), “the sun’s ultraviolet (UV) rays can damage your skin in as little as 15 minutes.” No matter the time of year, it’s important to protect your skin from the sun. Fortunately, you can utilize your FSA funds in order to do so. Click the links below to see what sun protection products you can purchase with your FSA funds:
3. What about feminine care products?
According to FSA store, women spend up to “$60 each year on menstrual care products on average.” Menstrual care products are now FSA-eligible, which gives you another way to spend your remaining FSA money. In addition to menstrual care, FSA Store offers skincare products. Click the links below to explore FSA-friendly feminine products:
4. I need glasses. Can I use FSA funds for corrective eyewear?
As stated by the CDC, “Your eyes are an important part of your health.” You can take advantage of your FSA and stay up-to-date with your eye health. Whichever you prefer, contacts or glasses, FSA Store has you covered. Click here to shop optical.
5. I’m a new mom. What products are eligible for my FSA money?
Life is unpredictable. You can use your FSA funds to plan ahead of time with first aid, baby, mom, and diagnostic products. Click the links below to see what products work for you:
Be sure to check out our previous blog titled “Top Items to Spend Your FSA Dollars on Before the New Year” for even more ways to spend your FSA money!
How PrimePay can help.
PrimePay helps with the administration of pre-tax benefits for your company, including HRAs, HSAs, and FSAs. When you choose PrimePay’s pre-tax benefit plan administration, you receive a dedicated service team, access to our support portal, automated claims processing, and a PrimePay debit card and mobile app.
Fill out the form below to learn more:
Disclaimer: Please note that this is not all inclusive. Our guidance is designed only to give general information on the issues actually covered. It is not intended to be a comprehensive summary of all laws which may be applicable to your situation, treat exhaustively the subjects covered, provide legal advice, or render a legal opinion. Consult your own legal advisor regarding specific application of the information to your own plan.