2022 Means More for Flexible Spending Accounts

Posted by: West Georgia Eye Care Center in Frontpage Article on February 3, 2022

A flexible spending account (FSA) allows for participants to set aside money from each paycheck, before federal tax is withdrawn, to contribute to eligible medical bills and health-related expenses not covered by insurance. This year the federal limit for contribution amounts for FSAs increased from $2,750 to $2,850 per year.  Even better news, many plans allowed roll-over from last year’s remaining contributions.  Combined, this means that there is the potential to pay tax free even more out-of-pocket medical costs than ever before!

Many services provided by West Georgia Eye Care Center are eligible for payment using an FSA:

  • Prescription Eyeglasses
  • Prescription Contact Lenses
  • Contact Lens Care
  • Prescription Sunglasses
  • Eye Exams
  • LASIK and PRK (refractive surgery)
  • Premium Lens Implants (refractive lens exchange)
  • Copays
  • Deductibles

It is advisable to contact the FSA provider or your company human resource department to verify the specifics of any individual FSA.