Read our full article on FSA/HSA accounts & prescription eyewear!
An FSA is a “Flexible Spending Account” and is offered by most employers. FSAs are essentially savings accounts that a portion of your pre-tax income goes into at every pay period. The important thing to remember is that whatever money is put into an FSA account must be spent by the end of the year or it will be lost. So, you must keep track of what’s in your FSA account and spend it on medical expenses before the year ends. Roshambo has so many options for you to shop for that can be all paid for by your FSA account:
Prescription glasses
Prescription sunglasses
Blue light blocking glasses
Light-adaptive transitioning glasses
An HSA or “Health Savings Account” is also a savings account that you can put pre-tax income into each pay period. HSAs are individually owned, so they are not linked to your employer. You can also roll the money over to following years, unlike FSAs that must be spent within the calendar year or forfeited.
Like FSAs, HSAs can also be used to help pay for eyeglasses, eyewear accessories, and eye exams. After establishing an FSA or HSA account, you will be mailed a card that acts like your debit or credit card to pay for your prescription glasses, as well as any other qualified medical expenses.
FSA - Flexible Spending Account
- Pay for eye exams, eyeglasses, prescription sunglasses & contact lenses
- FSA card is accepted online & in-store
- Benefits are pre-tax
- Use-it-or-lose-it policy (you have to use up your dollars by your FSA deadline. Most plans expire on December 31 or March 31)
- Use it with or without your insurance benefits
HSA - Health Savings Account
- Pay for eye exams, eyeglasses, prescription sunglasses & contact lenses
- HSA card is accepted online & in-store
- Contributions are pre-tax
- Belongs to you and can earn interest over time
- Money put into your HSA does not expire and can roll over to the following year
- Use it with or without your insurance benefits