alarm-ringing ambulance angle2 archive arrow-down arrow-left arrow-right arrow-up at-sign baby baby2 bag binoculars book-open book2 bookmark2 bubble calendar-check calendar-empty camera2 cart chart-growth check chevron-down chevron-left chevron-right chevron-up circle-minus circle city clapboard-play clipboard-empty clipboard-text clock clock2 cloud-download cloud-windy cloud clubs cog cross crown cube youtube diamond4 diamonds drop-crossed drop2 earth ellipsis envelope-open envelope exclamation eye-dropper eye facebook file-empty fire flag2 flare foursquare gift glasses google graph hammer-wrench heart-pulse heart home instagram joystick lamp layers lifebuoy link linkedin list lock magic-wand map-marker map medal-empty menu microscope minus moon mustache-glasses paper-plane paperclip papers pen pencil pie-chart pinterest plus-circle plus power printer pushpin question rain reading receipt recycle reminder sad shield-check smartphone smile soccer spades speed-medium spotlights star-empty star-half star store sun-glasses sun tag telephone thumbs-down thumbs-up tree tumblr twitter user users wheelchair write yelp youtube

Using Flexible Spending to Your Advantage at the End of the Year

Many patients have health plans that incorporate a Flexible Spending Account (FSA) to help them cover the costs of healthcare. This money can go towards deductibles, copayments, coinsurance, and some prescriptions.

Flexible spending accounts are an extension of your healthcare that you put money into without paying taxes. The money saving comes from the amount of money in taxes you would have paid but instead put towards your healthcare.

Most FSA accounts under employers are limited to $3,050 per year. However, the money in your FSA account is lost if you don’t use it by the end of the year or apply for an extra two-month ‘grace period’.

You can use your FSA for a variety of different products at Independence Family Eye Care. The money leftover at the end of December can be put towards items such as prescription sunglasses or a supply of contact lenses.

It is also a great time of year to stock up on an extra pair of glasses for you or your loved ones. Having another pair of frames and lenses on hand is beneficial during the busy time of year. You will be prepared if one pair gets lost or damaged, or maybe you just want to update your style before the holiday season.

Many FSA plans will also cover prescriptions in blue-light lenses. If you work remotely, are completing your education online, or even just noticing your screen time increase, blue-light glasses are a great option to reduce eye strain.

Each individual flexible spending account plan is different. Go to your account portal or talk to your employer about your specific plan before making any purchases or changes to your healthcare coverage.