If you wear glasses, you know how important they are to your daily life. They not only correct your vision but also express your personality and style. However, designer glasses can be expensive.
If you have an FSA or HSA, you may wonder if you can use those funds to purchase prescription eyewear. The good news is that you can! In this blog post, we’ll explore what FSA and HSA accounts are and how they can be used for eyeglasses.
What is an FSA or HSA?
FSA stands for Flexible Spending Account, while HSA stands for Health Savings Account. Both let you set aside pre-tax money to cover qualified healthcare costs. Essentially, they help you save money on your medical expenses and lower your taxable income. Employers usually offer FSAs, while HSAs are for people with high deductible health insurance plans.
How can I use FSA or HSA for eyeglasses?
Fortunately, you can use both FSAs and HSAs for prescription eyeglasses. Both of these can cover the cost of the frames, lenses, and lens coating. However, these accounts don’t typically cover cosmetic or non-prescription eyeglasses. If you’re not sure about the details of your plan, check with your employer or insurance provider to make sure the expense is eligible.
What else does an FSA or HSA cover?
In addition to eyeglasses, FSAs and HSAs also cover other eye care services such as eye exams, contact lenses, and prescription sunglasses. This means that you can use your account to pay for your eye exam and get a new pair of glasses or contact lenses if necessary. It’s important to remember that every FSA and HSA plan is different, so the coverage may vary. Make sure to check with your employer or the FSA/HSA provider for specific details about your coverage.
Using your FSA or HSA to pay for eyewear can be a smart way to save money and get the glasses you need. At Primary Eye Care of Arlington and South Main, we’ve made it easy for you to use your FSA or HSA to cover the costs of prescription eyeglasses. We offer a variety of designer eyeglasses in Arlington and Memphis that look great and feel comfortable. Our knowledgeable staff can help you find the perfect pair to suit your style and needs. Contact us today to browse our eyewear in Arlington or South Main and schedule an eye exam with our doctors.
