糖心Vlog

Are you preparing to send your kids back to school soon? You might be surprised to learn that your health savings account (HSA) and medical flexible spending account (FSA) can help you save on purchases of a variety of back-to-school, expenses, including:

• 听. You can use your HSA or FSA to purchase a thermometer, which听.
• . The need for protection from UV rays is year-round. You can use your HSA or FSA to pay for sunblock, lip balm with an SPF of 15+, and thousands of other over-the-counter products.
• 听Speaking of physicals, your child鈥檚 physician will likely check their eyesight during their physical. But should he or she need the services of an optometrist or ophthalmologist, you can also turn to your HSA or FSA to cover the cost of both the eye exam and any corrective eyewear, including prescription glasses and contacts.
• Vaccinations. Need to get up to date on immunizations before school starts? They鈥檙e eligible for reimbursement with an HSA or FSA.
• School and sports physical exams. You can take care of this standard checkup with the funds you鈥檝e saved into your HSA or FSA. For children heading back to school or onto a sports field, these annual exams are necessary to assess their physical well-being, build their medical history and gather the necessary paperwork to ensure that they鈥檙e up to date on state-required vaccines.
• OTC medicines. Thanks to the听(CARES) Act, you can use HSA or FSA pre-tax dollars to purchase over-the-counter medications with your pre-tax dollars 鈥� these include,,,听and听and听remedies.
• 听There鈥檚 nothing like pollen and ragweed to cause stuffiness in the summer and autumn seasons. Use your HSA or FSA for allergy testing so that you can avoid angry sinuses.
• . For children, tumbles are almost inevitable.听, bandages, and听are covered under your HSA or FSA.

For more insights about HSAs or FSAs, subscribe to听our blog听or check out听our eligible expense list. Or watch our Benefits podcast episodes below to learn more about the basics of an HSA and medical FSA.

HSA

Medical FSA

This blog post was originally published in August 2022 and most recently updated in August 2023.

The information in this blog post is for educational purposes only. It is not legal, financial, or tax advice. For legal, financial, or tax advice, you should consult your own legal counsel, tax and investment advisers.

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