![]() Below, we’ll discuss 19 unconventional, creative, and totally legal ways for you to spend the money that you’ve saved in an FSA. The good news is that there are a wide variety of FSA-eligible items and expenses, as defined by the IRS. Of course, the term “healthcare” covers a wide range of products and services-some of which may surprise you. By reserving part of your income for healthcare-related expenses, you can better plan for the future while lowering your tax bill as well. In addition, they can re-submit previously denied claims for items purchased since Januthat are now eligible as part of the CARES Act.Flexible spending accounts (FSAs) are one of the best-kept secrets of personal finance. Submit a Claim: Consumers can submit claims for reimbursement through their online account or using the mobile app. Use the Payment Debit Card: Once retailers have updated their payment systems and inventories consumers can simply use their card to pay for these newly eligible items, but they should still remember to save their receipts in case the purchase needs to be verified later.
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