![]() After you have a baby, life can quickly get expensive, so using your FSA dollars to cut down on costs is a smart move. In fact, first aid kits, which usually include antibacterial ointments, are also eligible for reimbursement.Ħ. Stock up for the next time you get a cut or scrape with some antibacterial ointment, such as Neosporin or Bacitracin, which you can use your FSA funds to purchase. Ancestry kits like 23andMe that include health reports are typically considered an FSA-eligible purchase.ĥ. Interested in learning about your heritage and how your DNA can affect your health? You're in luck. ![]() Most people can use their FSA dollars on acupuncture and chiropractor visits, for example.Ĥ. Although not designed as medical devices per say, air conditioners, air purifiers and air filters can be eligible for purchase using FSA funds if your medical provider can outline how it would be used to help with a medical condition.ģ. Look for brands like Clean and Clear, Neutrogena and Proactiv or products that contain common ingredients such as salicylic acid, benzoyl peroxide or azelaic acid.Ģ. If you use any over-the-counter acne creams, cleansers or serums, you can probably use your FSA dollars to purchase them. Here's a look at some of the more surprising products you can spend your FSA balance on this year.ġ. You can browse sites like FSA Store, HealthProductsForYou or even Amazon's FSA store to shop for everyday items that you may need. If you do have an overabundance of leftover funds, especially since many Americans put off or canceled doctors visits and non-emergency medical procedures this year, not to worry. Some companies allow their employees to roll over a set amount into the new year, but others require workers to use up their funds by a certain date. If you earn $50,000 a year and have a tax rate of 30%, TurboTax estimates that putting $2,000 in an FSA account will net you $600 in savings.īut unlike health savings accounts (HSA), which are generally used when you have a high-deductible health insurance plan and allow consumers to rollover their savings year after year, FSAs operate under a "use it or lose it" structure. The max contribution in 2020 was $2,750 per person.īecause these funds are not taxed, the savings can really add up. FSAs, which are typically offered as a benefit through your employer, give you the option of putting money directly from your paycheck, tax-free, into an account to be used to pay for medical-related expenses throughout the year.
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