With a healthcare FSA, your pre-tax money covers a wide range of common medical expenses. These include doctor visits, surgery and other medical procedures, prescription and over-the-counter medicines, as well as dental and vision care. However, did you know the following products and services also qualify as FSA eligible expenses?
NOTE: The cost of repainting the scraped area (labor and paint) does not qualify as an eligible expense. Covering the affected area with wallboard or paneling instead of removing the paint is a capital expense rather than a medical expense.
The more you know about using your FSA, the better off you are when it comes to receiving better healthcare and saving money on taxes. Keep in mind, that you’ll need to hold on to your receipts and a copy of your prescription so you can receive reimbursement for many of these expenses.
Contact your benefits administrator for more information on reimbursement. For a full list of FSA eligible expenses, see IRS Publication 502.