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Flex Spending Account: Use It or Lose It

POSTED ON December 14, 2010

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“Use-it-or-lose it.” That’s the motto when it comes to your flex spending account (FSA). Having a FSA can produce substantial payroll tax savings, but not using it by December 31st means you lose all that tax-free money you contributed. Your FSA can be used for many eye care services, including an eye exam at Dr. Tavel. A yearly eye examination is important to your eye health. Most FSAs cover this expense. Getting an eye exam with your FSA not only saves you ...

“Use-it-or-lose it.” That’s the motto when it comes to your flex spending account (FSA). Having a FSA can produce substantial payroll tax savings, but not using it by December 31st means you lose all that tax-free money you contributed.

Your FSA can be used for many eye care services, including an eye exam at Dr. Tavel. A yearly eye examination is important to your eye health. Most FSAs cover this expense. Getting an eye exam with your FSA not only saves you money, but can also save your health. A comprehensive annual eye exam helps detect symptoms of diabetes, high blood pressure and cholesterol. Flex Spending

You can purchase eye glasses and contact lenses with your FSA with a medical prescription. Update your look with a new pair of eyewear from Dr. Tavel Family Eye Care. Also included are reading glasses, so grab a pair of those too.

Some eye care accessories are even included. Contact lens solutions, contact lens cases, eye glass cases and eye glass cleaning supplies are among the covered items.

The weather outside may be frightful, but your eyes still need sun protection. Use your FSA to get a pair of prescription sunglasses.

FSA coverage can vary, so be sure to review the list of eligible expenses with your provider. Don’t let time run out…remember: use-it-or-lose-it!

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