Can I Buy Sunglasses with My Flexible Spending Account?
Sunglasses are a popular accessory that not only enhances one’s style but also provides essential protection for the eyes against harmful UV rays. However, with the increasing cost of quality sunglasses, many individuals are looking for ways to save money. One such method is using a flexible spending account (FSA) to purchase sunglasses. But, can you really buy sunglasses with your FSA? Let’s explore this topic further.
A flexible spending account is a tax-advantaged financial account that allows employees to set aside pre-tax dollars from their paycheck to pay for qualified medical expenses. These expenses can include a wide range of items, from prescription medications to over-the-counter remedies and even certain health care services. But what about sunglasses?
Understanding the Eligibility of Sunglasses for FSA Reimbursement
The eligibility of sunglasses for FSA reimbursement depends on whether they are considered a qualified medical expense. According to the IRS, a qualified medical expense is an expense that is “prescribed by a doctor for a specific medical condition and that is not generally available without a prescription.” This means that if your doctor prescribes sunglasses for a medical condition, such as photophobia (sensitivity to light) or cataracts, you may be able to use your FSA to purchase them.
In addition to a prescription, some FSA administrators may require documentation from your doctor that states the sunglasses are necessary for your health. This documentation is important to ensure that you are using your FSA funds for their intended purpose and to avoid any potential audits or penalties.
Types of Sunglasses Eligible for FSA Reimbursement
Several types of sunglasses may be eligible for FSA reimbursement, including:
1. Prescription sunglasses: These are sunglasses that have prescription lenses and are designed to correct vision issues while providing UV protection.
2. Sunglasses with special features: If your sunglasses have features such as polarized lenses, UV400 protection, or blue light blocking, they may be considered eligible for FSA reimbursement.
3. Reading sunglasses: These are designed for individuals who need to read in bright sunlight and can be considered a medical expense if recommended by a doctor.
However, it’s important to note that fashion sunglasses, which are not designed for vision correction or medical purposes, typically are not eligible for FSA reimbursement.
How to Purchase Sunglasses with Your FSA
To purchase sunglasses with your FSA, follow these steps:
1. Check with your employer to ensure that your FSA is available and that it covers sunglasses as a qualified medical expense.
2. Obtain a prescription for sunglasses from your doctor, if necessary.
3. Review your FSA administrator’s guidelines for purchasing items with your FSA, as some may require you to purchase items from a list of approved vendors.
4. Purchase your sunglasses from an FSA-eligible retailer or online store, and be sure to save your receipts and documentation from your doctor, if required.
5. Submit your receipts and documentation to your FSA administrator for reimbursement.
In conclusion, while it’s possible to buy sunglasses with your flexible spending account, it’s important to ensure that they are considered a qualified medical expense and that you follow your FSA administrator’s guidelines for purchasing and submitting receipts. With the right documentation and eligibility, you can save money on sunglasses while taking care of your health.
