Eligible to elect a flexible spending account (FSA) during annual enrollment? Consider its usefulness for less commonly known expenses, too.
You may know healthcare FSAs as mostly beneficial for doctor and prescription expenses, and dependent care FSAs as primarily for daycare and eldercare expenses. But what you may not know is how FSAs are incredibly valuable, versatile tax-advantaged accounts for a variety of other purchases that can help with your budget.
If you're eligible for an FSA in 2022, you may want to consider now how electing an FSA during annual enrollment can help you take advantage of the full range of eligible expenses throughout the upcoming year. Here are just a few you may not have known about.
Pearly whites that pay off: unreimbursed dental expenses like deductibles, dentures, denture adhesive, and denture care cleaning products
Clear out and clean up: earwax removal kits, hand sanitizer, and santizing wipes
No pain, you gain: aspirin, pain relievers, Orajel pain relief, oral wound treatments (cold sores)
Good help in the great outdoors: medicated lip balm/cream, insect bite/sting medication, sunscreen, sunburn treatments
Great expectations: pregnancy test kits, prenatal vitamins, prenatal/postnatal exams
Don't lose sleep over it: sleep aids and sedatives, sleep study