Flexible Spending Account
A Flexible Spending Account or FSA, also called flexible spending arrangement, refers to a financial program that allows you to set aside money for particular health care expenses. If you are not certain whether or not you have FSA, kindly check with your employer or insurance company. You do not have to pay taxes on this money. You will be saving equal to the taxes you would have paid on the money that you set aside.
You can use your Flex Spending Account (FSA) to get a new pair of eyewear, including contact lenses from Nostlgc.com, whether or not you have vision insurance.
Frequently Asked Questions About FSA
Basically, FSA covers expenses such as prescription drugs, doctor visits, and prescription eyewear, including:
- Eyewear with or without lenses and Readers
- Contact lenses and other related cleaning/storage solutions
- Prescription sunglasses
- Sunglasses, only if it is medically necessary and prescribed by doctor
FSA allowances are available at the beginning of your "coverage period". This "coverage period" is prescribed as one calendar year which begins on January 1. It depends on your employer, you may use up to more than $500 of unused FSA money for the year.
Generally FSA dollars should be used in the same "coverage period" that the money was put aside. "Coverage Period" is determined as one calendar year which ends on December 31. But some plans offers a grace period that permits you to use your remaining FSA dollars until March 15th of the following year.
Unused FSA funds will be forfeited when your coverage period ends.
Just enter the information that is in your FSA card at checkout process, similar as you would use your credit card. In case you do not have your FSA debit card, you may use another credit card in buying eyewear from Nostlgc.com and later, ask for reimbursement form with the itemized receipt or invoice, which will be sent to you through email and included with your eyewear.