Last Chance to Utilize Your Flexible Spending Account (FSA) Funds
If you haven’t already, now’s the moment to act—your flexible spending account (FSA) funds will expire shortly (or just after, if a rollover is permitted—be sure to confirm with your employer). This is the perfect opportunity to inspect your medicine cabinet, compile a list of essentials you need, and proceed to fill your shopping cart.
The FSA Store is an excellent destination for maximizing your remaining funds. Additionally, many popular retailers like Amazon, Target, and Walgreens feature dedicated FSA/HSA sections to make your shopping for eligible items even more convenient.
Navigating FSA-Eligible Purchases on Amazon
Follow these steps to make the most of Amazon’s FSA-eligible items before the end of the fiscal year:
- Navigate to Amazon’s FSA Store at amazon.com/fsa
- Look for the “FSA/HSA Eligible” tag on product listings.
- Utilize the FSA/HSA filter in search results for easier navigation.
- Checkout using your FSA debit card.
Similarly, Target features an FSA filter in its health and wellness aisle, while pharmacies such as CVS and Walgreens also have specific online shops designed for FSA purchases.
Items to Consider for Your Remaining FSA Funds
A variety of over-the-counter medications and healthcare products are eligible under FSA, including, but not limited to, cold remedies, band-aids, dental hygiene supplies, and menstrual products. Some other items worth purchasing include:
- First aid essentials (bandages, antibacterial cream)
- OTC pain relievers
- Contact lenses and corresponding solutions
- Reading spectacles
- Sunblock products
- Pain management medications
- Blood pressure monitoring devices
- COVID-19 testing kits
It’s important to note that most FSA plans require funds to be spent by December 31. However, some offer grace periods. Verify the deadlines with your plan administrator. Don’t forget to retain all receipts for FSA purchases in case you need to validate your expenses later.
