DON’T LET THE MONEY IN YOUR FLEX DOLLARS GO TO WASTE!
Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) are accounts you can use to pay for healthcare-related expenses. While individual plans vary, most FSA and HSA accounts allow you to use your flex spending for exams, glasses, or sunglasses. Keep reading for answers to some of our customers’ questions about their flex dollars:
FAQ #1: What can I use my flex dollars for?
Answer: FSA and HSA dollars can be used towards eye exams, prescription eyeglasses, prescription sunglasses and contact lenses.
Plans vary, so check with your employer or insurance provider to see if readers and non-prescription eyewear can be purchased with your flex account.
FAQ #2: How do I get reimbursed for my purchase?
Answer: Many FSA and HSA balances are automatically loaded onto a “Benny” card that is prepaid with your annual balance and can be used just like a regular debit card.
No Benny card? No worries! We’ll provide you with an itemized statement when you pick up your new glasses to submit for easy reimbursement from your insurance company.
FAQ #3: When do my flex dollars run out?
Answer: In general, flex dollars have to be used before your current healthcare coverage period ends – typically on December 31. However, some FSA plans offer a grace period of up to 75 days (mid-March) to use the previous year’s flex dollars, so be sure to check your plan!
Avoid the year-end stress – make an appointment at Select Eyecare for a complete eye exam and eyewear purchases and put your flex spending contributions to good use.