Use your Flexible Spending Account (FSA) to purchase prescription glasses, prescription sunglasses, prescription contact lenses or to pay for your an eye exam.
Flex Spending Account
What is a Flexible Spending Account?
Flexible Spending Accounts (FSA) were established by the federal government to provide employees with a tax-free way to pay out-of-pocket medical expenses. It's a benefit that allows you to put aside an amount of money for health-related expenses, deducted from your paycheck before taxes. According to fsafeds.com, using an FSA saves people an average of 30% on health-related expenses.
How Do Flexible Spending Accounts Work?
Flexible Spending Accounts allow employees to have up to $2,600 per year per individual withheld tax-free for use on health and dependent-care expenses. Funds are either deducted from the account via debit card or the employee can submit receipts for eligible purchases and obtain reimbursement.
When Do Flexible Spending Account Benefits Expire?
Benefits vary based on the provider's calendar year, but typically expire on either December 31 or March 31. Any money left in the Flexible Spending Account after this date is forfeited, so these accounts are also referred to as 'use it or lose it' accounts.
Use Your Flexible Spending Account to Buy Prescription Glasses
Flexible spending account funds can be used to purchase prescription glasses. If you've been putting off getting a new pair of prescription glasses, consider using your FSA funds. Check your store location for Visionworks' current retail offers. If you have vision insurance, you can use your FSA to pay your share of the purchase after insurance savings have been applied. Shop Glasses
Use Your Flexible Spending Account to Buy Prescription Sunglasses
Prescription sunglasses are considered medical devices, qualifying as legitimate FSA purchases. If you've been thinking about adding a great pair of designer prescription sunglasses to your eyewear collection, consider using your FSA account to fund them. Shop Rx Suns
Use Your Flexible Spending Account to Buy Prescription Contact Lenses
Your Flexible Spending Account covers daily wear and extended-wear disposable contact lenses, as long as you have a valid prescription. Each vision insurance plan provides access to a specific network of vision providers, so be sure to check that your provider and the location where you plan to buy your contacts are both in your plan's network. When contact lenses are covered, you will be reimbursed for your expenses up to the maximum payment allowed. Contact lens related cleaning and storage solutions are typically covered by FSAs. Learn More about purchasing contact lenses at Visionworks. Shop Contacts
Use Your Flexible Spending Account to Pay for an Eye Exam
You can use your Flexible Spending Account dollars to offset deductibles and co-pays for eye exams. If you have vision benefits, an eye exam is covered by your insurance plan, minus any required co-pay. Call ahead to make sure your optometrist accepts your insurance and schedule an appointment for your exam.
Schedule an Exam