Top FSA-Eligible Items for 2024: A List of Surprising Finds

The majority of us are acquainted with the fundamental FSA-approved costs such as prescribed medications and bandages, however, there exists a vast array of reimbursable products that go beyond what is expected. In this blog post, we will be sharing some of our top and unexpected choices for utilizing your FSA or HSA funds. Continue reading to uncover amazing health and wellness equipment that will make you wonder, “Hold on, I can actually use my FSA for that?!“.

What does FSA stand for?

An FSA, which stands for Flexible Spending Account, is a financial account that provides tax benefits and enables employees to allocate a portion of their pre-tax income towards covering qualified expenses. These accounts are commonly offered as part of an employer’s benefits package and typically have predefined limits on yearly contributions.

Understanding the Distinction Between HSA and FSA

Although both HSAs (Health Savings Accounts) and FSAs (Flexible Spending Accounts) provide tax benefits for healthcare, HSAs are specifically linked to high-deductible health plans that are owned by individuals. In contrast, FSAs are typically offered by employers and have lower limits on contributions. Additionally, any unused funds in an FSA may be forfeited at the end of the year due to a “use-it-or-lose-it” policy. On the other hand, HSAs often allow for rollover flexibility.

Comparison of FSA Eligible Items and Expenses

When it comes to utilizing your FSA funds, you have the option to allocate them towards two categories of healthcare-related expenses: items and costs. FSA-eligible items refer to products and services that can be bought, such as bandages or eyeglasses. Conversely, expenses (as outlined by the IRS) cover a broader spectrum of qualified medical expenditures, including doctor appointments and medical procedures.

It is crucial to consult with your plan administrator to ensure that your FSA funds are eligible for use according to your plan, regardless of how you decide to save and use them.

Which Products Qualify as FSA Eligible?

Below are a few categories and illustrations of the most prevalent items that are eligible for FSA reimbursement:

• Devices for monitoring health
• Items for planning family
• Supplies for first aid
• Products for managing menstrual symptoms, as mentioned in this article on Plunge
• Supplies for babies and children
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Eligible Expenses for FSA

Some of the most frequent expenses that are eligible for FSA (Flexible Spending Account) include:

• Medication orders
• Oral care procedures
• Eye-related costs
• Allergy examinations
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Ineligible Expenses and Items for FSA or HSA Coverage

Although there are numerous enjoyable purchases that can be made with an FSA, there are specific items that do not qualify for FSA or HSA reimbursement. To illustrate, here are a couple of examples:

• Premiums for health insurance
• Optional or non-essential treatments
• Personal items unrelated to medical needs
• Memberships for spas and health clubs
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The Most Unexpected FSA-Eligible Items and Expenses

Elevate your health and wellness aspirations with this assortment of unexpected, enjoyable, cutting-edge, and extravagant FSA-eligible products, ranging from in-home saunas to advanced health monitoring rings.

1. Tub for Cold Plunging

Discover the healing advantages of a cold immersion tub, a product that qualifies for FSA reimbursement and brings the refreshing therapy of cold immersion to your own home. Perfect for athletes, individuals looking to improve muscle recovery, or overall well-being, cold tubs and ice baths assist in reducing inflammation, alleviating tired muscles, and promoting emotional wellness.

If you’re interested in utilizing your pre-tax funds to access savings of 30-40%, here’s a guide on how to do it for purchasing a cold plunge.

• Choose the Pluge item you want to purchase.
• Under the add-to-cart button on the product page, click on “Get Pre-Qualified” to initiate the TrueMed assessment.
• fter being approved, finalize the transaction for your cold plunge or sauna.
• Upon reaching the Order Confirmation page, submit the TrueMed application to obtain a Letter of Medical Necessity (LMN).
• You cn then use your LMN to easily request reimbursement from your HSA/FSA program for your cold plunge and sauna purchase.
• Plunge financing for wellness that is within reach

Check out our partnership with TrueMed on this webpage for more information: https://plunge.com/pages/plunge-is-eligible-for-hsa-fsa.

2. Sauna at Home

Experience the spa at your own home with an FSA-eligible sauna. Turn your house into a haven of wellness with a sauna that not only promotes relaxation, but also offers multiple health benefits. These benefits include reducing stress, improving blood circulation, and aiding in detoxification. Perfect for enhancing overall well-being, a sauna at home provides a serene and comfortable retreat for both mental and physical revitalization.

If you’re interested in utilizing your pre-tax funds to access savings of 30-40%, here’s a guide on how to use it for purchasing a sauna:

1. Go to our Sauna page.
2. Below the add-to-cart button, click on “Get Pre-Qualified” to begin the TrueMed assessment.
3. Once approved, finalize your purchase of a cold plunge or sauna.
4. After placing your order, submit the TrueMed application on the Order Confirmation page to obtain a Letter of Medical Necessity (LMN).
5. You can use the LMN to easily get reimbursement from your HSA/FSA program for your purchase of a cold plunge or sauna.
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Visit this webpage for further information on our collaboration with TrueMed.

3. Therapeutic Percussion Device

The massage gun shown in the image can be seen at the link provided.

Transform your personal care regimen by incorporating a high-quality FSA-eligible heated massage gun, a flexible device specifically created to alleviate tension and alleviate soreness. No matter if you are an athlete or a sedentary office worker, a heated massage gun is a convenient option for reducing muscle stiffness, improving recovery after workouts, and promoting overall muscle well-being.

4. Devices for Tracking Health That Can Be Worn

A pickleball player is seen wearing a Whoop bracelet in the image.

Utilize a cutting-edge approach to keep track of your well-being by utilizing a wearable health monitoring device, such as the FSA-approved Whoop or Oura. These devices are discreet and stylish, and often offer ongoing monitoring of vital health data, such as sleep patterns, physical activity, and heart rate. Available in various forms, including watches, rings, and pins, these devices provide valuable information to help you proactively manage your health and improve your overall lifestyle choices.

5. Light Therapy at Home

A device for light therapy that can be held in the hand.

Numerous FSA-eligible options are available for treating acne, including at-home light therapy devices for skincare. These clinical gadgets from Revive Light Therapy bring the convenience of a med spa to your own home, using focused wavelengths of light to reduce acne inflammation and improve the appearance of discoloration and fine lines. It is important to research and compare different light therapy methods to find the most suitable one for your individual skin concerns.

6. Portable Breast Pump

Electric breast pump that can be worn.

Mothers who are new to parenthood may be unaware that breast pumps, along with a variety of other products for infants, are eligible for FSA coverage. This includes discreet and comfortable options like the Willow Wearable Breast Pumps, which are compact and portable, allowing for hands-free pumping while on-the-go.

7. Products for Fertility and Family Planning

A combination of a fertility tracking device and an app screen.

Maximize the benefits of your FSA account by utilizing it for support during the process of pregnancy and planning for your family. This can be done by purchasing FSA-approved items such as the Kegg Fertility Tracker. Additionally, there are other unforeseen items that are eligible for reimbursement.

• Kits for predicting ovulation
• Tests for fertility
• Tests for pregnancy
• Protection methods such as condoms and Plan B
• Vitamins for newborns
• Monitors for detecting baby’s heartbeat
• Monitors for monitoring baby’s movements
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8. Comprehensive First Aid Kits

The medical kit supplies shown in the image include a wide range of equipment, perfect for any medical emergency during outdoor activities.

To ensure that your household is well-prepared for unexpected emergencies, consider purchasing an FSA-eligible first aid kit. Instead of just basic bandages and ointment, opt for a comprehensive first aid kit that can handle various types of emergencies. You can also use your FSA funds to purchase multiple first aid kits to have on hand at your home, in your car, shed, and even RV. By having a well-stocked first aid kit readily available, you can quickly respond to injuries and maintain a safe and secure environment within your home.

9. Compression Boots for Air Relief

Normatec compression boots

Improve your post-workout routine by incorporating a set of FSA-eligible air compression boots. These boots are specifically designed to increase blood circulation and alleviate muscle soreness. With the use of pneumatic compression, these boots can stimulate blood flow in the legs, making them a beneficial addition for athletes, frequent travelers, or anyone seeking relief from leg discomfort.