Flexible spending account (FSA) funds may be subject to a year-end deadline, but eligible healthcare expenses can extend beyond routine appointments. Before making a purchase, check your plan's rules: deadlines, rollover options and qualifying expenses vary.
1. Restock everyday health essentials
Many over-the-counter items may qualify, including pain relievers, cold remedies, bandages, dental-care products and menstrual supplies. Review what you already use and replenish items you need.
2. Consider a health-tracking device
Some fitness trackers and smartwatches may be eligible when they address a documented medical need. Your plan may require a Letter of Medical Necessity, so confirm the requirements before buying.
3. Look beyond the usual medicine-cabinet basics
Certain less-obvious products, such as Epsom salt, sunscreen or massage devices, may qualify under specific plan rules. Verify each item's eligibility, and check whether additional documentation is needed.
4. Plan for ongoing health needs
Braces, wrist splints and compression socks may help with recurring concerns. FSA funds may also cover eligible vision-care expenses, such as updated glasses or contact lenses, eye drops and lens solution.
5. Ask about upcoming procedures
If you have care scheduled for early next year, ask your provider and benefits administrator whether you can pay eligible estimated costs in advance. Dental treatment, physical therapy and other planned services may be worth checking.
Confirm your plan's deadline and eligibility rules before spending, so a purchase meets its requirements. As benefits and health technology evolve, clearer guidance may help people direct healthcare dollars toward needs that matter to them.
