What Medical Expenses are Covered by an FSA and HSA?

Are you wondering what medical expenses are covered by an FSA and HSA?

Medical expenses that are considered eligible for reimbursement through both a Flexible Spending Account (FSA) and a Health Savings Account (HSA) can help you save money on qualified healthcare expenses. Let's explore the common medical expenses that can be covered by both FSA and HSA:

• Doctor's visits and copays
• Prescription medications
• Dental care, including cleanings, fillings, and orthodontics
• Eye care, such as eye exams, glasses, and contact lenses
• Chiropractic care
• Mental health services
• Physical therapy
• Medical equipment like crutches, wheelchairs, and braces
• Medical tests and screenings
• Smoking cessation programs

It's important to note that the IRS determines which medical expenses are eligible for FSA and HSA reimbursement. Some over-the-counter medications and supplies may require a prescription to be eligible for reimbursement.

When it comes to managing healthcare costs, both Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) offer fantastic ways to pay for medical expenses. Are you curious about what expenses you can actually cover with these accounts?