HomeBlogFSA & YOU

Not sure if you can use FSA at EYEBUYDIRECT?

Good news, you can!

Not only can you purchase new prescription eyewear using your flexible spending account, you can also shop with FSA debit cards. Not sure what FSA is, or how to use it with our site? Well here’s our quick guide to help you out.

What’s FSA?

Flexible spending accounts, sometimes known simply as agreements, are accounts maintained by your employer. They allow you to set aside a certain amount of your salary in order to pay for out of pocket medical expenses later on, including prescription eyewear. What's great about an FSA is that any money placed in this account is non-taxable, which means savings for you.

Every year, employees can contribute a maximum of $2,550 to their account, which must be spent before the end of the year. If you’ve heard of someone talking about having to spend money from their “Cafeteria Plan”, that person might be referring to their flex account, a category of Cafeteria Plans. The good news is, there’s no need to fret too much if you haven’t spent all of your money yet! Thanks to the loosening of restrictions in 2013, employers may offer one of two options: a two-and-a-half month grace period in which you can spend your remaining balance, or the option to roll $500 into the coming year’s plan. However, your employer can only provide one of these options, so make sure you figure out which option that is.

How do I use FSA at EYEBUYDIRECT?

Not sure how to read your prescription? Click here

Using FSA with EYEBUYDIRECT couldn’t be easier. If you have an FSA debit card, you’ll be familiar with the checkout process already. Simply place the glasses in your cart, enter your Rx, fill in your billing and shipping information, and enter your FSA debit card information like you would with any other card.

No FSA Debit Card?

If you don’t have an FSA debit card, submitting for reimbursement is still quite painless. All you have to do is print off your receipt with all the information required by your employer. If you are unable to print the receipt, please contact our customer service—they will be more than happy to provide you with what you need to get your reimbursement.

Do you take my insurance?

Since we’re talking about medical expenses, we’d like to take a minute to answer a frequently asked question. Although we do not take insurance, we are accepted by some carriers. If you don’t know if prescription glasses or EYEBUYDIRECT are covered by your insurance, please contact your provider. Submitting a claim to your insurance company is similar to the process above—just print and submit a receipt with any additional information or forms required for your claim.

For more information, you can read up on FSAs and other tax-favored health plans over on the IRS site. Also, make sure to enroll for the coming year before time runs out.

Not sure where to start? Come check out our most popular frames. Don’t dilly dally and risk losing your money. Even if you have an extension, March is just around the corner.

 

Share at :