Don’t lose it, zero out this year’s balance, but before you run to your computer to make purchases, perhaps plan out how to supersize every last dollar of your flex money by checking your flex portal to identify items that need priority.
To make it super easy for you, Surviveware has formulated a list to show you how to spend your remaining FSA money.
Schedule a physical check-up and doctors appointment before the year ends. If you’ve already booked a check-up for the new year, consider rescheduling it sooner. You can also pay for telehealth expenses with your FSA money when an in-person visit isn’t an option.
Health and Wellness Procedures
If you have a fair amount of FSA funds that are unused, now may be the right time to get a procedure done. Specialist health services and LASIK surgery can be paid with your tax-exempt money. Buy new prescription eyeglasses or contact lenses if you need to.
OTC Medicines and Feminine Care
2020 has brought a new set of eligible items purchasable with FSA money. You can now buy feminine care products like menstrual cups, pads, and tampons as well as Over-The-Counter medicines like allergy meds, pain relievers, digestive aids and cold and flu medication.
Supplies for Upcoming Outdoor Activities
If you’re planning hiking and backcountry activities next year, stock up on supplies now. Grab nothing less than SPF15 sunscreen, travel medication and first aid kits. Check your bandage and gauze swab supply and replenish if needed.
Invest in items that help to relieve post-workout discomfort. Hot and cold packs, kinesiology tapes and athletic braces aid your sore muscles and make cool down a breeze.
Purchase frequently used items like blood pressure monitors, bandages, thermometers, sting relief wipes, nasal irrigation kits, first aid supplies, saline nose wipes, and more.
Spending your FSA money shouldn’t be a problem. Plan and prepare to maximize your funds and avoid losing a single penny.