FLEXIBLE SPENDING ACCOUNTS & HEALTH SAVINGS ACCOUNTS: ITS YOUR MONEY, USE IT TO SEE BETTER!
COMMON HSA & FSA QUESTIONS
At South Beach Vision we take may forms of payments: cash, credit, insurance reimbursements, and HSA/FSA account payments. Most patients do not realize they you can use your health savings account (HSA) or flexible spending account (FSA) dollars to buy prescription eyeglasses, prescription contacts, and even prescription sunglasses? These savings accounts funds can be utilized to pay for eye exams at your optometrist and to buy prescription eyewear, even if you do have a vision insurance plan.
Below are some common questions about FSAs and HSAs. If you would like more information on how these programs can help your vision, please call 305-877-2026 to speak to one of our expert team Miami Beach staff members.
WHAT ITEMS QUALIFY AS FSA OR HSA ELIGIBLE EXPENSES?
Your FSA and HSA can cover medical expenses such as prescription medications, doctor visits and, prescription eyeglasses and sunglasses! See below to determine if your prescription glasses would covered:
- Eyeglass Frames (with or without lenses). This even includes OTC readers!
- Prescription Sunglasses from an optometrist
- Non-prescription Sunglasses (only if medically necessary and prescribed by a physician)
- Contact lenses, solutions, and storage cases
DO MY ACCOUNT DOLLARS EXPIRE?
Usually Flex Spending Account dollars must be spent in the same calender year that the money was set aside. Usually this ends on Dec. 31st). Some FSA plans do offer a grace period allowing use of remaining funds into the first quarter of the following year. All unused FSA funds are lost when the coverage period expires.
HSA funds will never expire. The money remains in your account until used. If you don’t utilize all of your HSA funds in a given year, the remaining money will roll over into your HSA the following year.
CONTACT US TO UTILIZE YOUR FSA AND HSA FUNDS AND START OFF 2015 IN A MORE FASHIONABLE WAY!
We are Miami Beach HSA/FSA eyecare specialists. Whether you live next door to the office in South Beach, Miami Beach or anywhere in South Florida we can help. Call us to schedule your eye exam with our nationally board certified optometrist or stop by to pick out your new eyeglasses and sunglasses from our exclusive brand new winter fashion lines today. Hurry as 2014 is almost over!