Tax-free prescription eyewear with your flex account

Does your workplace offer a flexible spending account? Why not use that money to buy some inexpensive prescription glasses?

Some time ago, I blogged about using your health savings account to purchase prescription eyewear online. The same concepts apply to the flex plan. Basically, you contribute money tax-free off the top of your paycheck to a flexible spending account. Then that money you can use for qualifying health expenses.

What are qualifying expenses? Well, eyeglasses and contact lenses are a qualifying expense (See this link at the irs for a complete list) Simply purchase your eyeglasses from one of the online retailers and save your receipt in your files (helpful links: comparing the top online eyewear retailers and why I like GlassesUSA.com )

Of course, it is important to remember that your flexible spending account money (FSA) needs to be cleared out at the end of every year. So plan accordingly.

More helpful links:

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