FSA, LCFSA, HSA, And HRA Dollars For Back-to-School 2020 Purchases
Wow! It is Back to School Fall 2020. Many people are not aware that they can use their Flexible Spending Account (FSA) or Health Savings Account (HSA) to take care of some back-to-school needs for the kids. Eyeglasses are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement arrangements (HRA), and with most limited care flexible spending accounts (LCFSA). FSA dollars can be used for the treatment of a medical condition and you may be able to use it to purchase eyeglasses that protect the kids from digital technology/E-Learning. Blue-light-blocking glasses protect the eyes from blue light emitted from laptop screens, tablets, smartphones, or computers, which can be harmful to our eyes. Blue light can accelerate the growth of cataracts, and studies have shown it may contribute to permanent retinal damage. Besides those physical changes to eye health that cumulative, overexposure to blue light can also disrupt healthy sleep patterns and cause digital eye strain. To find out if the blue light glasses will qualify, contact your FSA administrator or HR department. now and you may be able to deduct a portion or large percentage of these glasses that aren’t typically FSA-eligible.
Potential Eye Care Items Eligible To Purchase With FSA, LCFSA, HSA, And HRA Dollars
- Vision Care
- Eye Exams
- Eye Glasses
- Prescription Sunglasses
- Contact Lenses
- Many Eyeware and care accessories
- And certain surgical procedures
- Contact lenses, solutions, and cases
- Also eligible are eyeglass and lens accessories such as microfiber lens cleaning cloths, and lens cases.
How Do I Know What Is Eligible With My Plan(s)?
If you are uncertain what is covered, the rule of thumb is anything “medical” which the IRS defines as amounts paid for the diagnosis, cure, mitigation, treatment, or prevention of disease, or to affect any structure or function of the body. In the Vision world, that means prescription glasses, prescription sunglasses, prescription / non-prescription reading glasses, contact lenses, routine exams. Come see us soon so that we can get your kids ready for back to school by providing the best products for safety and learning. We want to make sure they are getting off to a great start and remove potential obstacles that may inhibit their learning potential.