Maximizing Your HSA Or FSA [Infographic]
It's important to understand the tax benefits of different types of health accounts!
While often used as a fashion statement, corrective lenses are still a medical necessity for millions of people all over the world, and they don’t come cheap. From doctor’s visits, to frames and lenses, to followups, glasses can really rack up a high bill. So when insurance doesn’t cover trips to the optometrist, what are we to do?
Health Savings Account (HSA) and Flexible Spending Accounts (FSA) are making it easier than ever for people to pay for medical care, especially vision care. With countless options for every kind of care, HSAs and FSAs offer tax incentives, flexible saving rates, and even investment opportunities. Both HSAs and FSAs have been growing in popularity; more than 20 million people were enrolled in HSAs in 2016 alone.
Not sure where your HSA or FSA stands on corrective lenses? Take a look at this guide from Frames Direct for more on where to begin with an HSA or FSA and how you can get the full potential of both.