The end of the year is fast approaching, which means your deadline to use your FSA funds is drawing closer. Most FSA accounts abide by the "use it or lose it rule," with dollars expiring at the beginning of the new year.
If you're scrambling to spend what's left of your savings and curious how to spend your FSA funds, don't fret — there are actually plenty of everyday essentials that are FSA eligible. Whether you're shopping at the FSA Store, Amazon, or your local pharmacy, it's easier than you think to spend your pre-tax FSA dollars on over-the-counter medication, period products, and even skincare and new glasses. Below, we'll walk you through which retailers accept FSA dollars, and which product categories are covered.
Where to spend FSA money
There are several ways and places to spend your FSA dollars. First, I recommend checking out the FSA Store. There, you'll be able to find and purchase items that are guaranteed to be FSA-eligible. You can connect your FSA account on the site, so you won't have to worry about jumping through any hoops or handling a reimbursement. And, if your insurance declines the purchase, you can return the product for a refund.
Second, you can buy FSA-eligible products from pharmacies and big box retailers like Amazon, Walmart, and Target by using your FSA debit card to purchase the items. The companies' systems can automatically determine what is eligible for purchase.
Sometimes, an FSA purchase requires a Letter of Medical Necessity (LMN). This is a letter from a doctor proving that a certain product will treat, reverse, or prevent a condition. The process is easier than you think, though, with many retailers partnering with companies like TrueMed to connect you with a doctor to receive an LMN.
What can I use FSA money for?
Prescription glasses and sunglasses
Buying glasses and contacts is one of the best ways to spend your FSA funds, especially if you've been eyeing a new pair of frames or sunglasses. Keep in mind that only prescription eyewear is eligible for purchase with your FSA.
When we tested retailers for our guide to the best places to buy glasses online, we selected EyeBuyDirect, Zenni, GlassesUSA, and Warby Parker as some of our top picks. Each of these retailers also accepts FSA funds for prescription eyewear purchases.
The FSA Store carries glasses and contacts, but you'll also find eye-health essentials like contact solution, eye drops, and more.
Sexual health and family planning
Sexual health and family planning products like condoms, pregnancy tests, fertility trackers, breast pumps, and more are eligible for FSA funds. Most insurance plans cover certain types of breast pumps, so we recommend double-checking to ensure you're not spending your own pre-tax dollars on something that is fully covered.
- Shop all eligible sexual health and family planning products at the FSA Store, at Walmart, or at Amazon
Over-the-counter medication and first-aid
Of course, you can always use your FSA to pay for prescribed medication copays, but don't forget that you can use it on over-the-counter medication, too. Since the CARES act passed in 2020, you're now able to use FSA funds on OTC drugs, even without a prescription. It's a great time to restock your medicine cabinet with the essentials for the year ahead.
Menstrual products
Pads, tampons, and menstrual cups are all eligible for purchase with FSA dollars, along with products like heating pads and period pain relievers. If you menstruate, the end of the year is a great time to stock up on period products.
Sunscreen and skincare
Skincare aficionados will be pleased to learn that many skincare products are available for purchase with FSA funds. You're most likely to find products to treat acne and eczema, but even sunscreen and a few red light therapy machines are eligible.
Sleep accessories
Your FSA can be used to cover the cost of various sleep accessories, such as specialized mattresses or weighted blankets. You'll need a Letter of Medical Necessity for many of these products, and you're likely eligible if you have a sleep disorder, mental illness, or chronic pain. For more, read our story on using HSA/FSA funds to buy a mattress.
Fitness and recovery
There are plenty of FSA-eligible fitness and recovery products, like braces, massagers, and physical therapy devices. Even some smart wearables, like the Oura Ring, are eligible. Keep in mind that you typically cannot purchase general exercise equipment with FSA funds without a Letter of Medical Necessity.
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