Don't Forget About Your FSA
As the end of the year draws closer it is important to remember the funds available to you in your Flexible Spending Account. Remember, you can't swipe that card for just anything.
You can use funds in your FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents.
You can spend FSA funds to pay deductibles and copayments, but not for insurance premiums.
You can spend FSA funds on prescription medications, as well as over-the-counter medicines with a doctor's prescription. Reimbursements for insulin are allowed without a prescription.
FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.
See a list of generally permitted medical and dental expenses.
Let us know how we can help you finish strong in 2020!