At the end of year, many of us find that time is running out on using up our unspent Flexible Spending Account (FSA) money. Remember, that’s a use-it-or-lose-it benefit. If you have an FSA account, you probably already know you can use it on prescriptions, over-the-counter medications, copayments and deductibles. Here are 12 other surprising or useful items that you can buy to avoid leaving your hard-earned money on the table.
1. Makeup
Makeup that is SPF 30 or higher is FSA eligible and serves as the perfect opportunity to stock up on needed cosmetics such as sunscreen, acne treatment and lip balm. The sunscreen can hold well into next year, letting you save money when you hit the beach in summer.
2. Glasses
If you need a new pair of shades or have been procrastinating on upgrading your prescription glasses, now is as good of an opportunity as ever. Sunglasses, prescription glasses, and reading glasses are all FSA eligible with a prescription. Even if you take delivery next year, they’re covered by this year’s account as long as you pay in 2019.
3. Breast pump and accessories
If you’re a new parent, pregnant, or plan on having children in the near future, then buying a breast pump and accessories with your FSA money may be just the thing you need. Before you buy, know this: Most insurance companies will provide a free breast pump for new moms. Also, the special supplemental nutrition program for women, infants and children (WIC) also provides breast pumps to help moms who may not have private insurance, get a pump when they return to work or school.
4. Condoms and pregnancy/fertility kits
Yes, condoms and pregnancy tests are covered. Additionally, fertility kits can be quite expensive and using your leftover money on a fertility kit could be a valuable investment if you’re an adult looking to have children in the future.
5. Steam inhalers and vaporizers
6. First aid kits
Using FSA funds to stock up on first aid kits for your home and vehicle ensures that you’re ready for whatever unfortunate circumstance may happen. You’ll have no trouble finding the vast array of kits out there. Stretch bandages and athletic braces, like knee and wrist braces, also fall into the category of first aid items and are covered.
7. Multipurpose thermometers
Having a thermometer is essential for any household. If yours is outdated or if you are looking to upgrade, there are many multipurpose thermometers with styles sure to fit your need. Whether you prefer digital or the classic style thermometers, each option is FSA eligible.
8. Prenatal vitamins
Prenatal vitamins provide many benefits during pregnancy, such as healthy bone growth in infants. They also help prevent iron deficiency and supply more oxygen to the baby during pregnancy. Multiple vitamin supplements? Maybe you should save your money.
9. Heating and cooling pads
Therapeutic heating and cooling pads serve as a great way to relieve pain and help your body relax. These are great to stock up on as the spring and summer approaches and the amount of daily activity picks up.
10. Blood pressure monitor
Being able to check your blood pressure without having to go to the doctor is recommended. Tracking your blood pressure allows you to directly see the effects of any lifestyle changes and serves as a great step toward a healthy lifestyle.
Other options:
• Shoe inserts/foot care.
• Sleep aids, including vaporizers, sleep masks and bed warmers.
Please note that coverage of the above items may vary based on your insurance company.
