Ways To Use Your FSA and HSA Benefits

Don’t Let Your FSA Benefits or HSA Benefits Expire!

If you have vision health coverage from your Flexible Spending Accounts (FSA benefits), Health Savings Accounts (HSA benefits) or an employer sponsored vision insurance plan, it is important to keep in mind many of these types of plans have annual December 31st deadlines. If you do not use them, you could lose them before the next calendar year begins. In order to take full advantage of them, contact us to schedule your appointment and use your HSA and FSA benefits!



What are some Flexible Spending Account Benefits?

A Flexible Spending Account (or FSA) helps reduce your taxable income, which can allow you to get a larger paycheck after taxes. Flexible Spending Account benefits include allowing you to contribute income into a special tax-free account. This account can go toward your vision care needs. The only catch with Flexible Spending Account benefits is that you must use them by the end of the contribution year, or else they are forfeited.

What are some Health Savings Account Benefits?

A Health Savings Account (or HSA) is a tax favored account you can use to offset high deductible health insurance. The money you put in a heath savings account pays deductibles for things like, well, eye doctor visits, glasses and more. One of the best Health Savings Account benefits is that anything left in your account (after your deductible is met) earns interest and is yours for the keeping! This is one of the Health Savings Account benefits that differs from Flexible Spending Accounts, which (as we just discussed) are forfeited annually.

There’s Still Time To Spend Your FSA Benefits!

If you want to spend FSA benefits before they expire at the end of this year, there are various ways you can do so while also fulfilling your vision healthcare needs. Some of the ways to spend FSA benefits on vision care include:

 

The Best Optometrists in North Phoenix

When you choose Tatum EyeCare for you vision health and fashion needs, you are choosing optometrists in North Phoenix who are invested in our clients and community. We’ve proudly served the Valley of the Sun for over 20 years. Stop in to view our extensive eyewear collection, and see for yourself how Tatum EyeCare reframes customer service and optical expertise for everyone!

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