Flexible spending accounts (FSAs) allow users to pay for out-of-pocket medical expenses while avoiding taxes, but funds must be used by year-end to avoid losing them.
Utilizing your FSA effectively involves purchasing qualified medical expenses not covered by health plans and products through the FSA store or vendors like Amazon.
For specific needs like eyewear, it’s essential to consult with an optometrist or use online options such as GlassesUSA or Warby Parker.
To maximize your FSA funds, it's crucial to understand your specific plan details from your employer and evaluate what medical products or services you truly need.
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