1. Review expansive list of eligible expenses – A 2010 survey found nearly 80 percent of household decision makers had trouble identifying expenses they could purchase with a health care FSA. There may be a number of items you need to buy or that you already bought that are eligible for reimbursement. 

Two easy-to-browse lists of heath care and dependent care eligible expenses are available at www.SaveSmartSpendHealthy.com.  

2. Request prescriptions for purchased OTC medications – If you were directed by your doctor to use over-the-counter medications this year to treat an illness or for wellness purposes, you can be reimbursed through your FSA for these expenses if you request a prescription. 

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.