The finish of 2022 is developing quick. If you might have a medical versatile spending account (FSA), chances are you’ll solely have a number of weeks left to spend any unused funds.
Unsure what qualifies as an eligible FSA expense? Read on for some methods you should utilize cash in your FSA earlier than 2022 is over. You is likely to be shocked at what counts as an eligible expense!
Deductibles, Copayments, and Coinsurance
It’s time to schedule these physician and dentist appointments you’ve been pushing aside all 12 months, and use your FSA funds to cowl your copays, coinsurance, or deductible.
Schedule a imaginative and prescient examination, get a brand new pair of eyeglasses or sun shades, and/or refill on contact lenses or contact lens answer. Buy these listening to aids you already know you want, and batteries to maintain them working. Fill your prescriptions earlier than the 12 months ends.
But that’s only a begin! Keep studying for extra FSA-eligible services and products.
More Ways to Use Up Your FSA Balance
You can discover a full listing of certified bills at IRS.gov. Below are a number of examples of things and companies eligible for reimbursement out of your FSA.