If new eyeglasses are on your holiday wish list, you don’t have to wait for Santa’s visit to rock stylish frames. It’s possible to use a flexible spending account (FSA) to upgrade eyewear. Before you start browsing, get a better idea of what eye care purchases you can and can’t make using your FSA.

How Does an FSA Work?

Setting up an FSA means that paycheck earnings are automatically deposited into a special account for health care expenses. The FSA provides payroll-tax-free money for costs that aren’t covered by your health insurance policy, such as dental and eye care services, medical equipment, crutches, insulin, diagnostic devices, and prescription medication.

FSA funds must be spent by the end of December since the Internal Revenue Service (IRS) caps how much money employed individuals can deposit into their accounts per year. Some employers provide their team members with grace periods of two and a half months, so be sure to check whether your company allows the extended March 15 deadline. 

Which Products & Services Are Eligible?

Numerous eye care products are available for purchase with FSA funds, including prescription eyeglasses, contact lenses, prescription sunglasses, reading glasses, eyeglass repair kits, eye exams, and surgeries. Nonprescription eyeglasses, colored contact lenses, and sunglasses are not covered by FSA dollars.

If you want to use FSA money to buy new eyeglasses, simply schedule an eye exam prior to the program’s deadline. Let the vision care team know you plan to use tax-free funds to cover the exam and glasses. They’ll take care of the rest, allowing you to show off your frames throughout the new year. 

Schedule an eye exam with Optics Eyewear and enjoy selecting from a wide range of chic eyeglasses. The licensed optician has served the Triad area of North Carolina since 1955, providing a one-stop shop for eyeglass frames, lenses, sunglasses, contact lenses, and difficult prescriptions. Call (336) 884-5677 today to make your appointment and take advantage of your FSA funds or visit the website for additional eyewear information. Like the Facebook page for the latest discount announcements.