What can I buy with my flexible spending card?
Flexible spending cards, also known as FSA cards, are a popular benefit provided by many employers to help employees manage their healthcare and dependent care expenses. These cards offer a convenient way to pay for eligible expenses without having to wait for reimbursement. But what exactly can you buy with your flexible spending card? Let’s explore some of the most common uses for these cards.
Healthcare Expenses
The primary purpose of a flexible spending card is to cover healthcare expenses. This includes a wide range of costs, such as:
– Prescription medications
– Over-the-counter (OTC) drugs
– Vision care, such as glasses or contact lenses
– Dental care, including cleanings, fillings, and braces
– Chiropractic services
– Medical supplies, such as crutches or bandages
Dependent Care Expenses
Flexible spending cards can also be used to cover dependent care expenses for qualifying dependents, such as children under the age of 13 or disabled dependents. Eligible dependent care expenses include:
– Daycare services for children
– Adult day care services for elderly or disabled dependents
– Before- and after-school programs
– Summer camp
– Babysitting services
Health and Wellness Products
In addition to healthcare and dependent care expenses, flexible spending cards can be used to purchase a variety of health and wellness products. Some examples include:
– Fitness equipment, such as treadmills or elliptical machines
– Health club memberships
– Weight loss programs
– Smoking cessation aids
– Fitness classes or personal training sessions
Medical Services
Flexible spending cards can also be used to pay for certain medical services, such as:
– Acupuncture
– Massage therapy
– Physical therapy
– Naturopathic treatments
Eligibility and Restrictions
It’s important to note that not all expenses are eligible for reimbursement with a flexible spending card. Eligibility is determined by your employer and the specific plan you have enrolled in. Some common restrictions include:
– Expenses that are covered by insurance
– Expenses that have already been reimbursed through another source
– Expenses for cosmetic procedures or treatments
Conclusion
Flexible spending cards offer a convenient and tax-efficient way to manage healthcare and dependent care expenses. By understanding what you can buy with your card, you can make the most of this valuable employee benefit. Always check with your employer or plan administrator for specific details regarding eligible expenses and restrictions.
