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Post by zuke on Nov 29, 2015 19:27:52 GMT
I have over $300 left on my FSA account. I did a search for a list of some sort to bring to CVS with me so that I can actually SEE what is eligible. I know that certain brands of things aren't covered while others are etc. All I have found are lists that might say 'antacids' etc and no brand names. Have any of you run into this? How did you handle it?
What would you buy?
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pennyring
Junior Member
Posts: 59
Location: Rite Aid
Jul 13, 2014 15:37:45 GMT
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Post by pennyring on Nov 29, 2015 19:29:56 GMT
I buy contact solution. Specifically, Clear Care.
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Post by M~ on Nov 29, 2015 19:30:11 GMT
I have over $300 left on my FSA account. I did a search for a list of some sort to bring to CVS with me so that I can actually SEE what is eligible. I know that certain brands of things aren't covered while others are etc. All I have found are lists that might say 'antacids' etc and no brand names. Have any of you run into this? How did you handle it? What would you buy? I thought you're allowed to roll over up to $500.00 per year? That's what I plan on doing as opposed to buying things I don't need right now. I have just about 300.00 also. I plan on increasing the allocation next year to the maximum because I want to buy an expensive pair of eyeglasses.
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Post by elaine on Nov 29, 2015 19:33:30 GMT
The OTC eye drops I use are $18 a bottle, so I could easily spend $200 in eye drops alone.
My family all suffer from seasonal allergies, so I would buy Zaditor allergy eye drops and Alavert allergy tabs.
Can you buy band aids and neosporin with it?
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Post by jamielynn on Nov 29, 2015 19:42:35 GMT
I have over $300 left on my FSA account. I did a search for a list of some sort to bring to CVS with me so that I can actually SEE what is eligible. I know that certain brands of things aren't covered while others are etc. All I have found are lists that might say 'antacids' etc and no brand names. Have any of you run into this? How did you handle it? What would you buy? I thought you're allowed to roll over up to $500.00 per year? That's what I plan on doing as opposed to buying things I don't need right now. I have just about 300.00 also. I plan on increasing the allocation next year to the maximum because I want to buy an expensive pair of eyeglasses. The IRS allows this but an employer has to elect it. Her employer may not participate.
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Post by cmhs on Nov 29, 2015 19:45:28 GMT
I have gotten prescription sun glasses in the past to use it up.
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Post by littlemama on Nov 29, 2015 20:00:49 GMT
First, check to see if your employer opted to have the rollover OR if they have a grace period which would allow you to use 2015 funds for a period of time in 2016. If neither, well, that sucks. You cannot just go out and buy a bunch of otc meds, band aids, etc like you used to be able to- you need a script from a doctor for a lot of those things to be covered. I would order contacts for anyone who might need them soon, get eye exams for everyone, visit the dentist if it's time for that, fill any prescriptions that are due- and look for receipts that you may not have turns in yet.
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scorpeao
Pearl Clutcher
Posts: 4,521
Location: NorCal USA
Jun 25, 2014 21:04:54 GMT
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Post by scorpeao on Nov 29, 2015 20:07:49 GMT
I usually buy prescription sunglasses. This year, however, my employer started a plan that lets us roll over $500. I used to buy all my otc meds, but Obama did away with that....I'm still pissed about that and it's been 6 years!!!!
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Post by padresfan619 on Nov 29, 2015 20:08:33 GMT
It is probably too late this year, but when I worked at a massage therapy clinic we had many clients who used their FSA to pay for their monthly dues and massages. They weren't allowed to use it for gratuity, however. And depending on their plan they needed a prescription for massage therapy. It is worth checking out for next year! Most of the time I just needed to provide them with an itemized receipt and for the rare client I had to fax an invoice directly.
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Post by coaliesquirrel on Nov 29, 2015 20:08:51 GMT
We get glasses w/ leftover $$. There are also Rx swimming goggles, if you don't need glasses or sunglasses.
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TXMary
Pearl Clutcher
And so many nights I just dream of the ocean. God, I wish I was sailin' again.
Posts: 2,811
Jun 26, 2014 17:25:06 GMT
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Post by TXMary on Nov 29, 2015 20:13:15 GMT
We can roll ours over but if we couldn't, I would buy contacts and glasses both of which I bought last week anyway. Unfortunately we were out of money in ours because my husband had cancer this year and that ate it up.
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mountaingirl
Junior Member
Posts: 85
Jul 10, 2014 3:56:50 GMT
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Post by mountaingirl on Nov 29, 2015 20:19:09 GMT
I think I remember looking into this 2 years ago and we were able to claim mileage to all Dr's appoinmtnets. So basically cash back!
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Post by stingfan on Nov 29, 2015 20:21:13 GMT
Last year I bought a first aid kit for each car (you may have to be careful with quantities on this) a digital thermometer bandaids sunscreen contact lens solution
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Post by Eddie-n-Harley on Nov 29, 2015 20:22:34 GMT
I typically stock up on contact solution, bandaids and other covered first aid supply (coban wrap, gauze pads, but not neosporin), and then contact lenses if there's still some money to be spent. I also fill any prescriptions that are ready to go through, even if I don't need them (I get three months and a time and I think they can be refilled after 60 days).
This is the first year I don't have any money left, but I wasn't planning to have my gall bladder taken out this summer. We'll see what next year holds-- apparently, my health benefits were too cadillacy, so now next year I will have co-pays for all the office visits, plus a deductible, plus co-insurance. I think I budgeted enough for all expected visits, but I guess I'll find out.
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Post by kath323 on Nov 29, 2015 20:23:38 GMT
We bought Breathe Right strips. Yup, $200 of Breathe Right strips. We are set for a year!
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Post by freecharlie on Nov 29, 2015 20:26:41 GMT
It is probably too late this year, but when I worked at a massage therapy clinic we had many clients who used their FSA to pay for their monthly dues and massages. They weren't allowed to use it for gratuity, however. And depending on their plan they needed a prescription for massage therapy. It is worth checking out for next year! Most of the time I just needed to provide them with an itemized receipt and for the rare client I had to fax an invoice directly. We would need a prescription to do this.
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Post by freecharlie on Nov 29, 2015 20:29:13 GMT
I'd get prescriptions filled, any annual dr visits with co-pays, glasses, contacts. I believer there are some websites (drugstore.com maybe) that lists FSA right on the products so you know which are eligible.
Both DH and I work for employers on the July 1-Jun30 year so we are only half way through. It was great when one of us was on that year and one on a calendar year. It was much easier to plan.
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Deleted
Posts: 0
May 19, 2024 20:05:43 GMT
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Post by Deleted on Nov 29, 2015 21:57:03 GMT
I thought the Obama Administration did away with using FSA for some over the counter supplies. I found this link. I wish they would raise the maximum contribution, Dh and I had serious surgeries this year and spent over $5K out of pocket expenses. ETA: I would buy big ticket items like eyeglasses.
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Post by myboysnme on Nov 29, 2015 22:35:35 GMT
I would get everyone in for a dental checkup and get any fillings, crowns, whatever done now. I would get everyone in for eye exams, and I would refill all my prescriptions.
Any of that should pretty much take care of $300
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Post by pierkiss on Nov 29, 2015 22:55:42 GMT
Electric toothbrushes
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katybee
Drama Llama
Posts: 5,378
Member is Online
Jun 25, 2014 23:25:39 GMT
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Post by katybee on Nov 29, 2015 23:13:38 GMT
What is the difference between an HSA and an FSA? I have an HSA and can accumulate finds from year to year until I need them. What happens to unused money in an FSA at the end of the year... Who gets it?
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Post by Eddie-n-Harley on Nov 29, 2015 23:31:37 GMT
What is the difference between an HSA and an FSA? I have an HSA and can accumulate finds from year to year until I need them. What happens to unused money in an FSA at the end of the year... Who gets it? I don't really know the differences (I don't have an HSA) but the money left in the FSA account at the end of the year or rollover period or grace period is just forfeited.
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Post by zztop11 on Nov 30, 2015 0:09:51 GMT
Hearing aid batteries
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Deleted
Posts: 0
May 19, 2024 20:05:43 GMT
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Post by Deleted on Nov 30, 2015 1:05:29 GMT
HSA's are used with high-deductible health care plans. You are limited to $6450 max contribution per year (2015) with pre-tax dollars. An HSA rolls-over every year so the money accumulates.
FSA's are used with lower deductible health care plans. You are limited to a $2500 max contribution per year (2015) with pre-tax dollars. You must use all the money in a year or you forfeit any remaining.
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Post by zuke on Nov 30, 2015 1:08:24 GMT
We were never allowed to roll ours over but I will have my hubby check into it just in case it changed.
That's pretty much what I found but it lists general catagories. There are a lot of brands within a catagory that are not covered.
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Post by Fidget on Nov 30, 2015 1:12:47 GMT
Last year I bought a digital thermometer, sunscreen, band aids
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Post by PolarGreen12 on Nov 30, 2015 1:13:17 GMT
The last time I had money left I went to my eye doctors and bout a couple pairs of Ray Ban sunglasses.
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Post by Eddie-n-Harley on Nov 30, 2015 1:15:14 GMT
We were never allowed to roll ours over but I will have my hubby check into it just in case it changed. That's pretty much what I found but it lists general catagories. There are a lot of brands within a catagory that are not covered. Be sure to ask about roll over AND grace period. If I had, say, $100 left this year, they would give me until March 31 to use that up before they started taking this year's money. (And my administrator does that automatically, takes from the last year's amount when it can.) But I would not be able to use that money, say, next December, which I think is what a rollover option would allow.
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Post by Eddie-n-Harley on Nov 30, 2015 1:16:59 GMT
Oh, and I thought of something else-- one year I used some of the year end funds for a new home blood pressure cuff. I take meds, so I see the doctor twice a year and she likes to know what the home readings are like.
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Post by anonrefugee on Nov 30, 2015 1:24:34 GMT
DS orthodontist lets us pay forward. We had paid 1/2 upfront and pay off the rest monthly. Trying to maximize the small amount of dental coverage.
I wonder if other doctors allow this- I know it would be beneficial if our sports doc allowed it!
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