What can I spend my remaining FSA money on?

Can I use FSA for gym membership?

Gym memberships. While some companies and private insurers may offer discounts on gym memberships, you generally can't use your FSA or HSA account to pay for gym or health club memberships. An exception to that rule would be if your doctor deems fitness medically necessary for your recovery or treatment.

Can FSA be used for groceries?

No, you can't use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for straight food purchases like meat, produce and dairy. But you can use them for some nutrition-related products and services. To review, tax-advantaged accounts have regulatory restrictions on eligible products and services.

Can I cash out FSA funds?

You can't withdraw money from an ATM

One of those is that the money can only be spent on FSA-eligible expenses.

Can I use my FSA to buy a treadmill?

If you have a letter from a medical professional stating that exercise equipment is a medical necessity, your FSA can cover it.

Does FSA cover massage envy?

No, Massage Envy does not accept insurance; however, they do accept HSA/FSA debit cards. They also offer an introductory rate of $60 for a 60-minute session or $90 for a 90-minute session for first-time customers.

Can I use FSA for massage?

Pay with Your FSA or HSA: Once you have the prescription, you can pay for your massage therapy directly with your FSA or HSA debit card. If your provider doesn't accept these cards, you can pay out of pocket and submit a claim for reimbursement.

Can you buy sunglasses with FSA?

You can use FSA dollars on sunglasses, as long as they are prescription sunglasses. Some non-prescription sunglasses can be purchased with HSA or FSA dollars, but you will most likely need a prescription for the shades from your doctor.

Is electric toothbrush FSA eligible?

Unfortunately, most products for oral health care are not currently eligible medical expenses for FSA and HSA spending.

Can I buy a sauna with FSA?

The standard rule is that a sauna is not FSA/HSA eligible, meaning you cannot use these accounts to pay for it directly. However, a sauna purchase may be eligible if you obtain a Letter of Medical Necessity from a medical provider.

What if I don't use my FSA money?

If you don't use all of your FSA funds during the benefit period, you risk losing money. However, the HCFSA and the LEX HCFSA have Carryover, which allows you to carry over up to $660 in unused funds into the next benefit period if you reenroll in FSAFEDS. Any remaining unused funds over $660 will be forfeited.

Can I put my gym membership on my FSA?

The Internal Revenue Service (IRS) usually doesn't allow funds from an FSA to pay for membership dues at health clubs or gyms. However, the IRS allows FSA funds to be used for paying separate fees charged at health clinics or physical therapy centers for specific activities prescribed by doctors for an individual.

Are vitamins FSA eligible?

With this IRS definition in mind, while daily multivitamins are not FSA/HSA eligible, there are some types of vitamins that are eligible with consumer-directed healthcare accounts.

Are fitness watches covered by FSA?

A fitness tracker device, such as a Fitbit, is only eligible for reimbursement with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA).

How do I use my remaining FSA funds?

Is air purifier FSA eligible?

Air purifiers are generally not eligible for reimbursement. An air purifier may be eligible for FSA reimbursement with a Letter of Medical Necessity (LMN) only if you are using it to relieve or alleviate a specific medical condition and you would not otherwise have purchased it.

How do I get my unused FSA money back?

Unused FSA money returns to your employer. The funds can be used towards offsetting administrative costs incurred during the plan year, employers can also reduce salary reductions in the next FSA year, or funds must be equally distributed to employees who enroll in an FSA for the next year.

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.

Can you buy toilet paper with FSA?

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 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. It's possible that you may accidentally purchase a nonqualifying expense with your FSA funds.