Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) offer excellent tax advantages by allowing you to set aside pre-tax dollars for medical expenses. However, many people aren't fully aware of the numerous everyday items that qualify for FSA and HSA spending. Knowing what expenses are eligible can help you make the most of your hard-earned healthcare dollars.
Here's a list of 20 FSA and HSA-eligible items that are regularly used in many people’s daily lives.
Common Eligible Items
- Sunscreen (SPF 15 or higher)
- Hand Sanitizer
- Prescription Glasses and Sunglasses
- Lip Balm (SPF 15 or higher)
- Disinfectant Wipes
- Tampons, Pads, and Liners
- Face Masks (Disposable and Reusable)
- Bandages and Wraps
- Contraceptives
- Healing Ointments
- Acne Treatments
- Rehydration Drinks and Mixes
- Contact Lenses and Cleaning Solutions
- Baby Monitors
- Wearable Health Tracking Devices
- Massage Guns
- Kinesiology Athletic Tape
- Burn Relief Gels
- Breast Pumps
- Fertility Tests
Conclusion
FSAs and HSAs are powerful tools for lowering healthcare costs and It may be surprising to see how many eligible items you buy every day. By considering these common everyday products, you can ensure that you put enough money aside and gain the most benefit from your account(s).
With Silver, you can easily track down eligible items like sunscreen, tampons, and hand sanitizers in your purchase history at numerous retailers. The platform further simplifies the reimbursement process by submitting reimbursements to your provider on your behalf. Silver's intuitive, user-friendly platform ensures you never miss a reimbursement opportunity, making it effortless to maximize your healthcare savings through FSAs and HSAs.
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