We host up-to-date and deeper dive information about using your FSA or HSA. Read on to get up to speed on your FSA or scroll down to select topics of interest for an HSA.
“FSA eligible” refers to a product or service that will (likely) be covered by your Flexible Spending Account (FSA). The IRS determines FSA eligibility by defining “qualified medical expenses” as covered expenses for medical and dental care. Check out IRS Publication 502 or our FSA eligibility list to understand what is covered.
In order for something to be considered a “qualified” medical expense, it must be for the primary purpose of diagnosing, treating, curing, mitigating, or preventing a medical condition. Cosmetic expenses or anything benefiting general health or personal hygiene (such as a gym memberships, vitamins, or toothpaste) are excluded from qualified expenses.