#Fsa eligible items 2022 full#

Learn more about 2022 FSA contribution limits, and important FSA terminology. If you’re interested in participating in an FSA or want more information about how the accounts work, contact your company’s HR department. However, your available FSA balance stay at zero because the funds are spent.įor a complete list of FSA eligible expenses, refer to IRS Publication 502 or contact DataPath Administrative Services. Throughout the rest of the year, you will still have deductions at the same rate each pay period. You can use the entire $1,500 election to pay for those expenses, even though the money has not accumulated in your account yet.

Consider this example:ĭuring enrollment season, you elected $1,500, and then on the first day of the plan year, you incurred $1,500 of FSA eligible expenses.

#Fsa eligible items 2022 full#

You can access the full annual contribution amount starting on the first day of the plan year. An Important Note About Using Your FSA Contributions If you make a purchase without a debit card, you can submit a claim for reimbursement to your FSA administrator with required receipts and documentation.įSA participants can use their account funds for themselves and their qualified dependents (i.e., spouse and children). If you have an FSA debit card, you can use it online, in stores, at doctor’s offices, and at other locations for eligible purchases. It is always recommended to keep your receipts, prescription documents, and other expense-related records as the IRS may request this information during an audit. Some products require a prescription and/or a receipt with Letter of Necessity in order to get reimbursed. Where to Purchase FSA Eligible ItemsįSA eligible items can be found at many retailers such as CVS, Rite Aid, Walgreens, Walmart, and Target, and at online sites such as *. They don’t include expenses that are merely beneficial to general health, such as vitamins or a vacation. Medical care expenses must be primarily to alleviate or prevent a physical or mental defect or illness. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. Qualified expenses are approved by the IRS. Pain relievers (aspirin, ibuprofen, acetaminophen, etc)įSA Eligible Expenses Require IRS Approval.