What can you buy with your FSA funds?
This year, the CARES Act added several items to the list of qualified expenses you can use your FSA for. Over-the-counter medication: Cold medicine, ibuprofen, acetaminophen or allergy medicine- all of these are qualifying expenses this year. If youโve purchased a thermometer or a pulse oximeter, one of those devices that measures the amount of oxygen in your blood, you can get reimbursed for those from your FSA. Menstrual Products: If you need tampons, pads, liners or any product to help with your period, buy them now. you can use FSA money to pay for band-aids and other first aid kit supplies, sunscreen, pregnancy test kits, breast pumps, eye glasses and contacts.
Surprising items you can buy with your FSA funds before that money expires
Medicine, deductibles and copayments are well-known expenses that workers can cover using funds from their Flexible Spendings Account (FSA.) FSA funds can be applied to a range of medical items and operations including acupuncture, inpatientโs treatment for alcohol and drug addiction, service animals and more. Here are 15 surprising medical items you can pay for with FSA funds, according to an IRS publication:Artificial LimbArtificial TeethBirth Control PillsBraille Books and MagazinesBreast Pumps and SuppliesCarContact LensesCrutchesDiagnostic DevicesEyeglassesEye SurgeryGuide Dog or Other Service AnimalHearing AidsHome CareHome ImprovementsUnique requirements must be met in order for FSA funds to be applied for the following medical items. For more information, refer to the IRS by clicking here.