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academy of eye care
826 Harrison Avenue Panama City, FL 32401
    (o) 850.769.1404        (f) 850.769.0748

use it or lose it!      (FSA/HSA spending)

11/4/2012

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Starting around this time of year, we seem to get a lot of questions from people about their Flexible Spending Account (FSA)  and Health Savings Account (HSA). In most cases, FSA / HSA must be used by the end of the calendar year, or you lose it. Here are a few answers to our most Frequently Asked Questions!

1.  Can I use my FSA/HSA for prescription sunglasses?     Yes! For lenses or frames!

2.  
Can I use my FSA/HSA to pay for my husband’s / wife’s / child’s / grandmother’s eye care?      Yes!  It can be used for anyone you claim on your taxes as a dependant. 

3.  Can I use my FSA/HSA for contacts?     Yes! You may use it for contacts and any other expenses incurred in the maintainence of contacts, including cases, solution, rewetting drops, etc.

4. Do I need a receipt to send in to the administrators of my FSA/HSA?     It varies widely by plan. Some plans see that the expense is from a doctor’s office, and so do not question it. Other plans want an extremely detailed receipt. We are happy to give you a detailed copy of your receipt with the insurance CPT codes on it if your FSA / HSA needs it. We can give this to you when we dispense your glasses or contacts to you, at the time of the exam, or can mail or fax the receipt to wherever you need it to go.


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