When it comes to Flexible Spending Accounts (FSAs), there are plenty of myths and misconceptions floating around. It's time to set the record straight and debunk some of these common FSA myths. Join us as we separate fact from fiction and provide you with the knowledge you need to make the most of your FSA.
Many people believe that if they don't spend all the money in their FSA by the end of the year, they'll lose it. The truth is that FSAs have evolved. While there may still be a "use-it-or-lose-it" rule, some employers offer a grace period or a rollover option. It's essential to check your FSA plan's specifics.
Contrary to popular belief, FSAs can be used for a wide range of medical expenses, including over-the-counter (OTC) items like pain relievers, bandages, and even sunscreen. In fact, the list of eligible items is quite extensive. Find an extensive catalog of FSA eligible items here.
FSA contributions are made with pre-tax dollars, which means they lower your taxable income. However, they are not considered tax-deductible like contributions to a Traditional IRA.
Accessing your FSA funds is easier than you might think. Many employers provide FSA debit cards that allow you to make purchases directly. Alternatively, you can submit claims for reimbursement. It's a straightforward process.
FSAs are typically offered in conjunction with health insurance, but they can also cover dependent care expenses. If you have dependents, such as children or elderly family members, you can use your FSA for eligible daycare costs.
FSAs can be your secret weapon for saving on everyday health and wellness products. From first aid supplies to feminine products and even orthopedic aids, many everyday items are FSA-eligible.
In conclusion, FSAs are a valuable tool for saving on medical expenses, and they're more flexible than many people realize. Don't let these common myths stand in your way of making the most of your FSA dollars. Always check the specifics of your FSA plan and explore the wide range of eligible items.
Yes, many over-the-counter items like sunscreen, pain relievers, and bandages are FSA-eligible. Check your plan details for a list of eligible expenses.
It depends on your employer's FSA plan. Some offer a grace period, allowing you extra time to spend the funds. Others may allow a limited rollover. Be sure to understand your plan's rules.
No, FSA contributions are made with pre-tax dollars, reducing your taxable income for the year.
Yes, you can use your FSA for eligible dependent care expenses, such as daycare costs for children or elderly family members. Check with your plan for specifics.
Many employers provide FSA debit cards for direct purchases. You can also submit claims for reimbursement by providing receipts for eligible expenses. Check with your plan administrator for details.
Discover pediatric products like wheelchairs, mobility aids, and bathroom systems designed to make a difference for children with special needs.
Learn about the different types of patient lift slings and how they improve safety and comfort during patient transfers.
Key Specs Quick-Release Axles: No Weight capacity: 500 lbs. Weight: 127 lbs. With three comfortable positions, retractable lock bar, self-adjusti...
View Full Details
Featuring 360-degree air compression, various massage modes, heat, vibration, and deep tissue shiatsu massage technology, MAS 2 is an adjustable sh...
View Full Details
YOISHO is the sound of relaxation and letting go in Japanese, and we thought there was no better word to use as the name of one of our best-selling...
View Full Details
The new generation ultrasonic humidifier for asthmatics, allergies, and sinusitis is here! Shop MIKO's MYST is the perfect humidifier for bedrooms,...
View Full Details
IBUKI is Miko's best-selling true HEPA air purifier with a three-layer filtration and 360-degree suction design. IBUKI covers up to 400 sqft and co...
View Full Details
Key Features The ProHeal transport wheelchair for adults is lightweight and foldable, making it the ideal option for travel and transport. This fo...
View Full Details
Key Specs Drive Range: up to 13 miles Max Speed: 4.00 mph Auto-folding seat Weight: 60 lbs. Weight capacity: 300 lbs. The ZooMe Auto-Flex takes...
View Full DetailsNoble Aid Antihistamine Allergy-Relief Tablets: Get Relief from Common Allergies Fast Noble Aid Antihistamine Allergy-Relief Tablets are a safe and...
View Full DetailsDon’t Let Everyday Pains & Aches Stand In Your Way With The Purest Low-Dose Coated Aspirin Tablets For Adults By NobleAid! No matter if you oft...
View Full DetailsThe high-performance Protekt® 500 Lift is the perfect blend of form and function for safe and easy patient transfers. This electric-powered, high q...
View Full DetailsThe high-performance Protekt® 600 Lift is the perfect blend of form and function for safe and easy patient transfers. This electric-powered, high q...
View Full DetailsThe Protekt® 500 lb. Sit-to-Stand patient lift has a higher weight capacity than most other competitors sit-to-stand lifts. With its 3” dual front ...
View Full Details
The Protekt® 600 lb. Sit-to-Stand has extra wide adjustable kneepads that will help meet a wider range of patient needs. To support the extra weigh...
View Full Details
ProHeal offers a complete line of slings to meet the dynamic needs in both the long-term care and homecare settings. These slings are an industry s...
View Full DetailsThe Protekt® All-In-One is the only lift on the market that is foldable, portable and can be used for ALL TYPES of transfers between: car and chair...
View Full Details
The Protekt® Dash standing transfer is your best choice for fall prevention, reducing caregiver lifting injuries and promoting patient mobility. Th...
View Full Details
Key Specs Seat Size: 20" Drive Range: up to 16 miles Max Speed: 6.00 mph Weight capacity: 400 lbs. Weight: 185 lbs. The Drive Medical Ventura DL...
View Full Details
Key Specs Seat Size: 20" Drive Range: 16 Max Speed: 6.00 mph Weight capacity: 400 lbs. Weight: 174 lbs. The Drive Medical Ventura DLX 3-Wheel sc...
View Full Details
Key Specs Dynamic modern design 10 MPH top speed Drive range up to 22 miles Weight capacity: 450 lbs. From its distinctive look to class-leadin...
View Full Details
Introducing the Medacure Junior Two-Button Folding Walker, the perfect mobility solution for individuals seeking independence and assistance in the...
View Full Details
Key Specs Large, plastic carry basket Flat-free, non-marking tires Drive Range: up to 9 miles Weight Capacity: up to 300 lbs. The Scout transport...
View Full Details
Introducing the Medacure Steel Rollator - Your Reliable Mobility Companion! Constructed with a robust yet lightweight steel frame, the Medacure Ste...
View Full Details
Key Specs: Simple control panel Sliding swivel seat with flip-up armrests Rear basket Weight capacity: 350lbs FDA Regulated Highlights: The ...
View Full Details
Key Specs: Folds in 3 seconds Maximum speed 4mph Weight capacity: 330 lbs FDA Regulated Highlights: Discover the freedom of movement offered ...
View Full Details
Key Specs: Replacement Motor Confirm Your Original Motor Before Placing METRO Standard Motor
