Caring for your vision should be a priority. Your employer can help you care for your vision by covering your eye care needs under FSA (flexible spending account). The American Academy of Optometry views this as a great way to pay for your eye health expenses.
Here is a guide to using FSA benefits for your vision care.
For Prescription Sunglasses
These vision needs are FSA-eligible. Updating your prescription is necessary because it is a requirement for approval. Depending on your vision, you may need prescription sunglasses. You can use your FSA funds when you buy your sunglasses online and in person.
For Prescription Eyeglasses
Updating your eyeglass prescription will allow you to use your FSA to buy new prescription eyeglasses from any retailer. You can go online to get either eyeglasses or contact lenses.
Purchasing your FSA spending card is possible if you have it. In case you do not have this card, you can use your credit or debit card. Then, send a copy of the receipt to your FSA provider. Doing so allows for reimbursement.
For Prescription Contact Lenses And Lens Care Needs
All corrective contact lenses are FSA-eligible. You can also use your FSA to buy eye drops, lens cases, and cleaning solutions. Sometimes, there is an option to pay for these products with your FSA card. If you do not see this option, use your credit or debit card. Then, send a copy of the receipt to your FSA provider. This will start the process of your reimbursement.
For Reading Glasses
Your FSA can buy your nonprescription or prescription reading glasses. You can buy them online or in person. Presbyopia often starts at about 40 years of age. Reading glasses may be necessary for you.
What FSA Does Not Pay For
Your FSA cannot pay for nonprescription eyewear except for reading glasses. This is an important detail to remember if you shop with eyewear retailers that carry prescription and nonprescription eyewear. Nonprescription eyewear includes colored or fashion contact lenses.
You should remember that some insurance carriers have brand restrictions. They also have limitations when it comes to eyewear styles and types.
Using A Coupon Or Rebate
If you are a new customer, you can save on your eye care expenses with coupons or rebates.
Ask your provider if they offer discounts that could help lower your costs. This can help reduce the cost of your eyewear or eye care purchase. You can then pay the balance with your FSA.
Use Your Eye Insurance
You can use your eye insurance with your FSA to cover the total cost of your eyewear prescription. Checking the coverage of your eye insurance can help you determine what you can get a reimbursement for. After the purchase, you can send the receipt copies and FSA claim form to your insurance provider.
Remember you can only use your FSA funds for valid expenses. It is ideal to keep an eye on what you buy.
Knowing how and when to use your FSA for eyewear and eye care purchases can save you money and decrease worry. At Big City Optical, we help our patients get the most out of their coverages and payment options. For more information on the importance of routine eye exams, visit Big City Optical at our offices in Chicago, Wilmette, Evanston, Bannockburn, or Glenview, Illinois. Call or click here to book an appointment today.