As the year comes to an end, it’s easy to get busy with holiday plans and forget about important year-end tasks, like using your vision benefits before they expire. If you’re due for an eye exam or need new glasses, contact lenses, or other eye care services, now is a great time to make the most of your remaining benefits.
At Integrity Eye Care in Murfreesboro, we can help you protect your vision, stay on top of your eye health, and avoid leaving unused benefits behind. Keep reading to learn how to use your Flexible Spending Account (FSA), Health Savings Account (HSA), and vision benefits before the year ends.
What is an FSA?
A flexible spending account, or FSA, is a benefit offered by many employers that allows you to set aside pre-tax dollars for eligible out-of-pocket healthcare expenses, including vision care. You may be able to use FSA funds for eye exams, prescription glasses, contact lenses, prescription sunglasses, and other qualifying eye care expenses.
When do FSA funds expire?
In most cases, FSA funds must be used by the end of the plan year, often December 31. If you don’t use the money in time, you may lose the remaining balance. Some plans offer a grace period or allow a limited amount to roll over, but rules vary by employer. To avoid losing unused funds, schedule your eye exam and purchase any needed eyewear before your benefits expire.
When do vision benefits reset?
Many vision insurance plans reset on a calendar-year cycle, meaning your benefits may renew on January 1. If you haven’t used your benefits for an eye exam, contact lenses, or glasses, now is a good time to schedule your visit before the year ends.
Regular eye exams are important for more than updating your prescription. Our optometrists in Murfreesboro can also detect vision changes and identify potential eye health issues early, so don’t let your unused benefits go to waste.
What is an HSA?
A health savings account, or HSA, is a savings account that lets you set aside pre-tax dollars for qualified medical expenses, including many vision care costs. HSAs are typically available to people enrolled in a high-deductible health plan. You may be able to use HSA funds for eye exams, prescription glasses, contact lenses, prescription sunglasses, and other eligible eye care expenses.
Do HSA funds roll over?
Yes. Unlike FSAs, HSA funds roll over from year to year, so you do not have to use the money by December 31. This gives you more flexibility in how and when you use your funds.
However, using your HSA for vision expenses can still be a smart way to reduce out-of-pocket healthcare costs, especially if you need an eye exam, new glasses, contact lenses, or other qualifying eye care services.
Use FSA or HSA funds for eyewear
If you’ve been thinking of upgrading your eyewear, December is the perfect time to do so. Whether it’s new stylish frames or an update to your contact lens prescription, using your FSA or HSA can help offset these costs. Many vision plans also provide allowances for eyewear, making it more affordable to get the look and visual clarity you desire.
Plan ahead for the new year
While you’re focused on using this year’s benefits, it’s also a great time to plan for the year ahead. Consider adjusting your FSA contributions during open enrollment to better align with your healthcare needs. Additionally, remember to schedule regular eye exams at least once a year to maintain optimal eye health.
Schedule your eye exam before your benefits expire
Don’t let the year end without taking advantage of your vision benefits. Schedule an eye exam in Murfreesboro at Integrity Eye Care to ensure your prescription is up-to-date and your eyes are healthy. Our team will help you make the most of your benefits, offering personalized advice on eyewear options and eye care products.
Book your eye exam today and use your vision benefits before they expire. We look forward to seeing you soon!
