Use It Or Lose It: Spend Your FSA Funds!

If you have a remaining balance in your employer established flexible spending account (FSA), (also called a flex plan, reimbursement account, Flex 125, or a Cafeteria Plan) check your employer’s coverage period.  For many FSA plans, you must use all of your FSA contributions by the end of the year, or lose them.  Did you know that you can use your FSA contributions on the following?

  • LASIK eye surgery
  • Refractive Lens Exchange (RLE) surgery
  • Prescription eye glasses
  • Prescription sunglasses
  • Contact lenses
  • Routine eye exams
  • Deductibles, copays, or co-insurance for medically necessary procedures such as cataract surgery, eyelid or brow surgery, and other procedures.
  • Some dry eye therapies

Your HSA (health savings account) can also be used to help cover the cost of those above.  With an HSA, contributions from your employer are excluded from your gross income, and you can claim tax deductions from your personal contributions as well as ones made by anyone other than your employer.

Wondering where to start?  Call us to schedule an eye exam so our doctors may determine if you have any medical issues that require treatment, or need new glasses or contact lenses.  Visit our Optical Center to choose from leading eye wear designers including Vera Wang, Nautica, Nike, Ray-Ban, Oakley and other top brands.