Source: 8 Ideas to Use Up Your FSA Before the Year-End
Now that it's nearing the end of the year, there are some money chores you need to take care of, such as making sure you've spent the money in your Flexible Spending Account because it will expire before the New Year. You're actually allowed to file an extension if you haven't used up all your FSA dollars, but you need to check your company policy to see if they allow that. Don't fret if you can't extend, here are some last-minute ideas to use your FSA money:
- Over-the-counter items: We're not allowed to spend our FSA dollars on over-the-counter medicines without prescriptions but there are plenty of nonmedicinal products that we can still use the FSA money for. For example, band aids, crutches, first aid kits, and rubbing alcohol.
- Acupuncture: Acupuncture is covered by your FSA, so if you have a condition such as pain, consider acupuncture.
More from SavvySugar: 5 Surprising Things About Starbucks
- Chiropractic: Your FSA also covers chiropractic visits, so now may be the time to schedule an appointment with your chiropractor.
- Birth control: Contraceptives are covered by the FSA, although some require prescription.
- Glasses and contact lens: Schedule a vision exam and use your FSA dollars to buy a new pair of glasses or supplies of contact lenses.
- Prescription medicine: Buy prescription medicine if it makes sense for you to do so. Most insurance policies will only let you buy a month's supply at a time, so you can't exactly stock up on medicine.
More from SavvySugar: 7 Insurance Policies You Can Live Without
- Doctor's visit: Your FSA will cover the copay so if you're due for a doctor's visit, try to go before the end of the year.
- Medical monitoring and testing devices: If you need a gadget to measure and monitor your blood pressure or ovulation, perhaps it's time to buy one now. Pregnancy and glucose test kits also qualify.
HMO vs. PPO: Which One Should You Pick?
How to Save Money on Health Insurance When You're Young
9 Secrets to Shrinking Your Medical Bills
Follow SavvySugar on Twitter
Become a Fan of SavvySugar on Facebook