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الثلاثاء، 26 ديسمبر 2017

Have a Flex Spending Account? Here are 26 Surprising Things It May Pay For

Many of us use our Flexible Spending Accounts to pay for out-of-pocket medical expenses like doctor visit co-pays or medications that aren’t covered under medical insurance.

I recently mentioned that, surprisingly, sunscreen is considered an FSA reimbursable expense.

It’s true! The IRS compiled a handy list of medical supplies and services covered by your FSA.

You’ll find even more products and supplies when you search for FSA-eligible products and services at FSAStore.com or by searching for FSA-eligible products on Amazon.  

Here are a few highlights that may also surprise you.

  • Take care of your lips with moisturizing lip balm. Your best bet is to invest in lip care products with sunscreen to take lip care to the next level.
  • Your FSA covers a variety of family planning and sexual health products like condoms and STI test kits.

It can be tough to tell what products and services are covered by your FSA. If you aren’t sure, check with a tax professional or check directly with the IRS.

“If you can’t find the expense you are looking for, refer to the definition of medical expenses under What Are Medical Expenses,” says the IRS.

Lisa McGreevy is a staff writer at The Penny Hoarder. She is not a tax preparer and this list is for informational purposes only. As in many things in life, the IRS has the final word.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



source The Penny Hoarder http://ift.tt/2rcbtPv

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