Flexible Spending Account Eligible Expenses and Summertime Must-Haves
As summer is about to begin, what better way to be prepared for the warmer weather than to stock up on items through your FSA that you’ll need for the summer months.
Many participants may not be aware they are able to use their FSA to purchase the following items:
- First Aid Kits
- Prescription Sunglasses
- Hot/Cold Packs
These items can be purchased using the flex card (if offered as part of a plan) at Inventory Information Approval System (IIAS) approved merchants. The charge should be automatically approved as long as the expense is eligible, and no follow up documentation needs to be submitted.
If a flex card is not used to purchase these items, claims can be submitted for reimbursement.
For more information on FSA eligible expenses, visit our website. Participants should refer to their summary plan description for specific details regarding their plan.
BusinessPlans, Inc. – myCafeteriaPlan does not intend to provide legal or tax advice and information contained in this article should not be interpreted as such. Regulations governing pretax plans are often open to interpretation and should be reviewed with your legal or tax advisor before making any decisions regarding your plan.