You bought new eyeglasses, squeaked in a dental appointment and stocked up on over-the-counter drugs. But if there’s still money in your?flexible spending account (FSA), you better spend those pretax FSA funds quickly before the deadline hits and they all disappear.
That’s why we’ve rounded up a quick and easy list of products available in the?FSA Store, offers which are offers more than 4,000 FSA eligible items.
If you’re not sure exactly what an FSA is and why it’s important that you spend your pretax dollars, we’ve got you covered with a quick guide.
What is an FSA?
A?flexible spending account (FSA)?is offered through many employer benefit plans and allows you to set aside pretax money for eligible health care-related, out-of-pocket expenses for you, your spouse and dependents.
How does an FSA work?
With each paycheck you receive, a certain amount of money is put aside before taxes. This pretax money is for FSA spending, and is meant to be used on eligible health care expenses throughout the year. While the specific amount differs depending on your tax bracket, there are?calculators available to help you estimate your savings amount.
Why do I have to spend my FSA dollars before a certain date?
Most FSA participants are part of a?“use it or lose it” plan, which states that all the money left in your account by the end of the year must be forfeited. The unused amount left in your account can’t be paid out to you in any other way, and you can’t transfer money to any other FSA. So it’s important to keep in mind the annual Dec. 31 cutoff date.
The good news is that many employers provide a grace period of up to two and a half months into the new year for you to use the money, giving you until March 15 to spend it all. But you’ll want to check with your employer, because grace periods can be shorter.
How to use FSA money
Common purchases include everyday health care products like bandages, thermometers and glasses. Everything from medical expenses that aren’t covered by a health plan (like deductibles and co-pays to dependent day care) to over-the-counter medication can also be eligible.
The downside is that the?specifics of what you can spend your FSA funds on depend on the plan your employer has in place. The upside? You can skip the extensive research by shopping at the?FSA Store.
So rather than watch that hard-earned money simply go kaput, we’ve rounded up some useful, FSA-eligible expenses at the FSA Store to shop before the deadline.
Developed with dermatologists, this CeraVe bundle has everything you need to keep your skin clean, smooth and protected.
Help clear up stubborn blackheads and clogged pores with the help of this Hero Cosmetics solution.
Stay hydrated throughout the holidays and into the new year with these electrolyte mixes that come in watermelon, pomegranate berry, lemonade and strawberry kiwi flavors.
Grab this Peter Thomas Roth bundle that comes with everything from sunscreen and moisturizer to blemish dots and treatment masks.
Always keep your lips looking refreshed with this three-pack of ultra-creamy tinted balms that also have SPF 30.
Soothe even your body's most tired muscles with this salve made from organic Chinese herbs.
The Oura Ring was one of 2023's trendiest products, and now it's FSA-eligible. If you like the idea of a fitness tracker that goes around your finger rather than your wrist — and can live without the more robust functionality of a smartwatch — the unique Oura Ring is worth checking out.
Work out those kinks, whether they’re from hours spent behind the computer, an extra-tough workout or just everyday wear and tear, with this heated pain relief device that comes with multiple attachments to really target your pain points.
Fan of weighted blankets? It’s time for a weighted heating pad. This 4-pound model offers heat therapy and a massage feature and comes in either six settings (three heat, three massage) or 12 settings (three heat, nine massage).
Stock up on your medicine cabinet essentials with this 100-pack of Band-Aids for $15.
Fight acne even during the day with this invisible, nondrying daytime patch that protects for faster healing.
Use your FSA dollars to stock up on liners with this box, available in 50-count, from U by Kotex.
These certified organic cotton pantiliners are lightweight and infused with essential oils.
This nongreasy and soothing ointment from Aquaphor helps treat and protect against dry skin.
There are many people who grind their teeth at night. But with many mouthguards so expensive, this one allows you to help protect your teeth for less than $25.
It’s always good to have some Neosporin on hand to help prevent infection and heal your cuts and scrapes faster.
Learn more about your family’s history with this at-home DNA testing kit from 23andMe.
This oil-free acne spot treatment acts fast and is suitable for normal, oily and combination skin.
Revamp your daily face routine with this dermatologist-recommended acne wash from Neutrogena.
Treat yourself to a nightly foot massage with this small roller designed to stretch the plantar fascia and soothe tired, achy feet. Want extra relief? Pop it in the freezer for cooling pain relief.
This roll-ball massager gives you cold therapy pain relief to help ease those achy muscles.
This kit holds 35 items, including bandages, an ice pack, safety pins, small scissors and more.
If you’re in need of a bulkier first aid kit, check out this one from Johnson & Johnson Red Cross, which features 160 items.
A portable, lightweight way to measure your oxygen and pulse.
Sitting in front of a computer all day might not be the best thing for your back. If you need some pain relief, try this acupressure cushion from Kanjo.
This device uses electrical muscle stimulation to relax stiff muscles, help increase blood circulation and help reduce swollen feet and ankles.
These premium, flexible bandages protect your small cuts and scrapes, plus they come in bold tie-dye patterns and colors.
Protect and hydrate dry hands with this SPF 40 moisturizing cream in a large 6.7-ounce size.
When cold and flu season hits, it hits hard. So be prepared with this handy nasal inhaler to help alleviate congestion, dryness and other symptoms.
New shoes? No problem! Whether you’re breaking in a new pair of cross-trainers or stilettos, these synthetic strips help keep blisters and chafing at bay.
This no-touch or touch enabled thermometer gives fast and precise readings that are easy to read.
Help relieve back pain and discomfort with this gadget that uses a dual inflation mechanism to lift, stretch and separate joints in your spine.
This cordless steam inhaler can help alleviate symptoms of the common cold, including congestion, sinus infections and more. The handheld device spreads steam right to your nose, throat and mouth for instant relief, plus a medical-grade HEPA filter ensures the steam is germ-free, allergen-free and pollutant-free.
This totally invisible sunscreen will keep you safe from the sun’s harmful rays without leaving white streaks on your skin.
Get subtle color with sun protection when you swipe on this moisturizing, water-resistant, paraben-free tinted lip balm.
Contact lens wearers: Stock up on this lubricating solution that will keep your eyes moist and healthy.
Soothe and relax aching muscles white on the go with this heating pad from Caring Mill.
The dpl Oral Care Light Therapy System uses infrared blue and red light to help reduce conditions like gingival bleeding and inflammation, gingivitis, halitosis, erosion, and cold sores.
Stretch out your spine with these Chrip wheels. With three different height options, you can stretch out, massage or target knots.
And for the rest of your body, use this vibrating foam roller to relieve tightness and help your muscles recover faster.
Stay on top of cold and flu season by grabbing this Theraflu Severe Cold & Cough Powder which relieves symptoms with the help of a honey lemon flavor.
Perfect for hiking, camping or for those constantly being get feasted on by bugs, this gadget can help offer some relief and help spare you from hours of itchiness.
When the time calls for a soothing soak, grab these epsom salts to add even more healing to your self-care ritual.
Need totally blacked out and undisturbed sleep? Grab this IMAK weighted compression eye pillow, which is also freezer safe and washable.
