Can I pay with my FSA card at CVS?

Can I use my FSA at CVS?

FSA funds come with a “use it or lose it” policy. If you don't spend the money you put into the account by the end of the plan year, you'll lose that money. CVS carries a wide selection of FSA eligible items to help you spend your FSA dollars before they expire.

How do I pay for prescriptions with FSA?

Pay for prescription medicine after insurance

You can pay for that directly with your FSA card or use a debit or credit card and then file a claim with your FSA provider. And of course, keep the receipt to prove it was an FSA-eligible expense.

Where are FSA cards accepted?

Pay for eligible FSA expenses with just a swipe of a card. Use your card at pharmacies, drug stores, grocery stores, discount stores and department stores for eligible over-the-counter (OTC) items and prescriptions. This includes mail order or online pharmacies.

Why is my FSA card being declined when I have money?

Common reasons might include:

The total amount exceeds your available FSA balance. Your FSA card could be inactive. Your FSA does not allow for certain items.

Are tampons FSA eligible?

Feminine hygiene products: Pads, liners, and tampons all qualify as FSA-eligible expenses. The end of the year is a good chance to stock up if you need to. Pain relievers: Over-the-counter pain medications such as Aleve, Tylenol, and generic versions of the drugs are available for purchase through FSA funds.

How to get CVS receipts for FSA?

FSA Easy after your purchases

To receive a report of the FSA eligible purchases you've made with your ExtraCare card — both in store and online — call our toll-free number 1-800-SHOP-CVS, and then press ext.

Is toilet paper FSA eligible?

Here are examples of items and expenses that are not FSA-eligible for 2024: General health items: toiletries like toothpaste, toilet paper, or shampoo, cosmetic products, vitamins and supplements (without a prescription) Non-medical equipment: car seats, strollers, non-medical exercise equipment.

Is an Apple Watch FSA eligible?

Likely not. While your Apple Watch, Garmin, or other tracker may offer you some insight—and maybe even some encouragement—to stay on top of your fitness routine, they are not typically considered medical devices for purposes of FSA and HSA funds.

Can I withdraw money from my FSA card?

You can't withdraw money from an ATM

Even though the FSA debit card functions like a standard debit card, it has certain limitations. One of those is that the money can only be spent on FSA-eligible expenses.

Can I buy groceries with FSA?

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. You can also purchase FSA-approved items online — so you have options depending on what works best for you.

Is Tylenol FSA eligible?

Can I buy OTC medicine such as Tylenol and Tums with my FSA or HSA? Yes. You can buy OTC medicine such as Tylenol and Tums with your FSA or HSA.

Where is the best place to use your FSA card?

Can I transfer money from my FSA to my bank account?

Can You Transfer FSA to a Bank Account? The answer to this question is a straightforward "no." FSA money can only be used for designated healthcare-related purposes. As per the IRS, you cannot transfer that money to another account.

Where does my FSA money go if I don't spend it?

For employees, the main downside to an FSA is the use-it-or-lose-it rule. If the employee fails to incur enough qualified expenses to drain his or her FSA each year, any leftover balance generally reverts back to the employer.

Do I need to keep receipts for FSA?

Save your receipts.

All receipts should include the date and description of the service, provider's name and amount paid. That way, you have proof if you need to verify that all of your FSA expenses meet IRS requirements for eligibility.

Are diapers FSA eligible?

Regular diapers for newborns and infants are not FSA eligible because they do not treat a medical condition, but rather aid a healthy function of the body. There are some ways to save, however, including sales, coupons, buying in bulk or joining rewards programs.

Can I swipe my FSA card anywhere?

You can use the card at any eligible location wherever MasterCard is accepted. WHAT CAN I PAY FOR WITH MY FSA? For information about the eligibility of a specific item, please visit the IRS website for guidance. WHAT ARE SOME EXAMPLES OF ELIGIBLE FSA LOCATIONS AND PROVIDERS?

Can I pay for eyeglasses with my FSA?

Yes! You can use your FSA funds for eye exams and prescription glasses. You can also use them for prescription contact lenses. And prescription sunglasses are FSA-eligible, too.

Is deodorant FSA eligible?

For example, daily care products, like Vaseline, toothpaste, and deodorant, are not FSA-eligible expenses. Gym memberships and health insurance premiums aren't eligible either.

What happens if I use my FSA incorrectly?

If the Benefits Card is accidentally or intentionally utilized for ineligible expenses, you are responsible for reimbursing your account. You will be notified if you have an ineligible expense and your Benefits Card may be deactivated until your account is reimbursed.