![]() Employees with significant Health Care FSA balances will want to take care to use their FSA dollars so as not to forfeit unused balances in excess of $570 under the carryover rules. The maximum Health Care FSA carryover from the plan year beginning in 2022 to the plan year beginning in 2023 is $570. As a reminder, the IRS FSA maximum carryover limits are back in place for the plan year ending in 2022 (and going forward). If adopted by an employer, the relief allowed unlimited Health Care FSA carryovers (1) from the FSA plan year ending in 2020 to the plan year ending in 2021 and/or (2) from the FSA plan year ending in 2021 to the plan year ending in 2022. Many employers opted to allow unlimited carryover for Health Care FSAs under the COVID-19 relief contained in the CAA. It’s important to know that no matter how you pay, whatever you’re planning to use your FSA dollars for must be considered an eligible expense.Update 10/25/22 – An important note about application of 2022 Health Care FSA carryover limits: If you don’t have an FSA card, or the place doesn’t accept them, you can typically pay for the items out of pocket and then submit the required paperwork to your FSA administrator to get reimbursed. If you have an FSA card, make sure the store or medical office you’re at accepts the card. 4 This card acts as a debit card, pulling money from your FSA account. Some FSA administrators and plans may issue FSA cards to use for purchases. You can also purchase FSA-approved items online - so you have options depending on what works best for you. Typically, you can use your FSA dollars on eligible expenses at places like drug stores, grocery stores, doctor offices, vision centers, dentists, hospitals, and other medical offices. The comprehensive eligibility list also includes items that aren’t eligible. While FSA funds can be used toward many expenses, there are some limits. 3 Expenses and items that aren’t FSA eligible ![]() Hospital fees, surgery, and diagnostic servicesįor even more services you may be able to use your FSA funds toward, check out the search feature of the FSA Store’s comprehensive list of eligible expenses.Vision expenses, eyeglasses, and contact lenses.Health insurance copayments, office visits, co-insurance payments, and deductibles.Remember to check with your plan administrator to confirm the expense is eligible with your FSA. Categories of FSA-eligible expensesīelow is a list of some common expenses that are eligible to use FSA funds on. 3 While it’s a comprehensive list, not all items may be eligible with every FSA plan. The FSA Store has a detailed list of eligible items and expenses you can look at, which includes a search feature to make it easier to find what you’re looking for. Smoking cessation: Programs, products, and more.Incontinence supplies: Pads, underwear, bed under pads, and more.Menstrual products: Pads, tampons, menstrual underwear, menstrual pain relief, and more.Sexual health medications and products: OTC and prescription birth control, condoms, ED medications, fertility tests, and more.First aid supplies: Bandages, pain relief creams, antibiotic ointments, first aid kits, and more.Vitamins: Prenatal, nutritional supplements, multivitamins, and more.Digestive health: Heartburn relief, antacid tablets, laxatives, acid reflux pillows, and more.Foot care: Orthotics, foot creams, callus and corn removers, blister treatment, and more.Oral care: Pain relief, water flossers, denture cleanser tablets, and more.Eye care: Contact lenses, eye solutions, lens cleaning cloths, and more.Skin care: Sunscreen, acne products, medicated lip balms, and more.Baby and child supplies: Breast pumps, bed mats, bedwetting underwear, baby monitors, and more.Over-the-counter (OTC) medications: Cough, cold, flu, allergy, asthma, pain relief, and more.Home healthcare: Thermometers, pain relief devices, blood pressure monitors, medical alert devices, blood sugar test kits, and more. ![]() ![]() Remember to check with your plan administrator to confirm the items are eligible with your FSA before you decide to purchase any products. If you’re looking for a quick list, below are some categories of FSA-eligible items and a few examples. 2 Read on to see what items and expenses are FSA eligible and where you can use your FSA dollars. The Internal Revenue Service (IRS) determines what’s considered an eligible medical expense, and the eligibility also depends on the type of FSA you have like a healthcare FSA, dependent care FSA or limited purpose FSA. A flexible spending account (FSA) can help you save money on healthcare expenses for you and your family.įor 2023, employees can set aside up to $3,050 for healthcare FSAs or limited purpose FSAs (LP-FSA), with a maximum of $2,500 for married couples filing taxes separately or $5,000 per household for dependent care FSAs (DC-FSAs). ![]()
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