Use Your Flex Spending for New Glasses
Don’t let the money in your Flexible Spending Account (FSA) go to waste!
Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA), are accounts you can use to pay for healthcare related expenses. While individual plans vary, most FSA and HSA accounts allow you to use your flex spending for glasses or sunglasses. Keep reading for answers to some of our customers’ questions about their flex dollars:
FAQ #1: Can I use my flex dollars for glasses?
Answer: FSA and HSA dollars can be used towards prescription eyeglasses, sunglasses and contacts.
Plans vary, so check with your employer or insurance provider to see if readers and non-prescription eyewear can be purchased with your flex account.
InVision Tip: Divide and conquer! Some plans allow you to divide up your glasses payments between two years, so if your 2020 plan covers a glasses frame without prescription lenses, you may be able to pay for the lenses in 2021.
FAQ #2: How do I get reimbursed for my glasses purchase?
Answer: Most FSA and HSA balances are automatically loaded onto a “Benny” card that is prepaid with your annual balance and can be used at InVision just like a regular debit card.
No Benny card? No worries! We’ll provide you with an itemized statement when you pick up your new glasses to submit for easy reimbursement from your insurance company.
FAQ #3: When do my flex dollars run out?
Answer: In general, flex dollars have to be used before your current healthcare coverage period ends – typically on December 31. However, some FSA plans offer a grace period of up to 75 days (mid-March) to use the previous year’s flex dollars, so be sure to check your plan!
Avoid the year-end stress – make a one-on-one appointment at InVision for a complete eye exam and use your 2020 flex spending for your next pair of glasses.