When you purchase frames or lenses from VADA, you can still enjoy benefits from your insurer. The difference is how claims are filed. VADA accepts FSA or HSA to buy sunglasses, eyeglasses or lenses, in-store and online. If you’re unsure whether or not you have an FSA or HSA account, please check with your employer or insurance carrier. VADA accepts FSA or HSA for all eyewear purchases. Please check with your insurance carrier for specifics.
What Is an FSA and an HSA?
Both the flexible spending account (FSA, in short) and the health savings account (HSA, in short) are programs designed to help set aside certain amounts of money, before taxes are applied to your paycheck, for healthcare expenses. But be advised that not all healthcare procedures or needs might be covered by these funds.
The flexible spending account allows you to save money for typical healthcare expenses that will be needed during the year. The big advantage is that the money set aside for FSA is tax-free, so the entire contribution goes into your spending budget.
The health savings account works a bit differently than the FSA. Mainly, the HSA is for people who have health plans with a high deductible, and it comes as additional help to save funds for medical expenses that are excluded from other health plans. As an extra benefit, there are also tax advantages that are applied to the HSA that benefit both you and your employer: this is also pre-tax money added to your account, and this reduces the employer’s payroll taxes.
To make sure you get the most of your FSA, read the guidelines carefully to know everything that is covered and always check the balance of your account to know how much you can spend, and keep all of your paperwork (you might need certain receipts).
WHAT GLASSES ARE FSA OR HSA ELIGIBLE EXPENSES?
According to official sources like WageWorks , your flexible spending account or health savings account does cover expenses like RX prescription eyewear and:
- Blue Light Glasses
- Sunglasses (only if medically necessary and prescribed by a physician)*
Note that there are some accounts that allow you to buy sunglasses with FSA or HSA funds. The best way to find out if your account covers a specific purchase it to reference the plan’s list of qualified medical expenses or to call the number on your card.
ARE VADA GLASSES COVERED BY FSA OR HSA?
Yes! Eyeglasses are classified as a medical expense, which means they are tax deductible and HSA eligible.
WHAT'S THE BEST WAY TO PLACE MY FSA ORDER?
Jewelry and Eyewear must be purchased separately if you’re utilizing your HSA/FSA card. You can purchase your Eyewear online with your benefits.