The 2018 school year is almost upon us! That means parents (and children) are starting their preparation rituals by shopping for clothes, school supplies, and back packs, and taking care of other assorted essentials.
Of course, school-aged children have a lot of needs, one of them being healthcare. With the dawn of a new school year approaching, you can use your employer-sponsored benefit account (i.e., Flexible Spending Account and Health Savings Account) to help cover some items, exams, and procedures that your children may need. Here’s a list of some eligible medical expenses that you can take care of before the school year kicks off.
Staying up-to-date on vaccinations is very important for your child’s health and society at large. In most states, vaccinations are required for children to gain admission to public schools. While generally inexpensive (and sometimes free), you can use your FSA or HSA to cover those costs.
Eye and Dental Exams
Routine eye and dental exams are essential to overall good health and the ability to focus on the schoolwork at hand. With an FSA, Limited Purpose FSA (LPFSA), or HSA, you can schedule eye and dental exams to make sure that your kids get off on the right foot.
Following the eye exam, if your child needs prescription eye wear, such as contact lenses or eye glasses, those are eligible expenses. Contact lens solution is also eligible. Many vision correction procedures are also eligible expenses, including LASIK and PRK, among others.
Braces, bridges and other orthodontia falls into the eligible expense category. Use an FSA, LPFSA or HSA to cover the cost of these devices.
Sick days are a fact of life. When you have a sick child and need to monitor their temperature, a thermometer is a must-have. You have a variety of device options depending on the age and needs of your young ones, and you can use your healthcare benefits account to pay for it.
As any preteen or teen will tell you, acne is no fun and can be embarrassing. Thankfully many acne treatments are eligible expenses. Creams, cleansers, and other products (such as light therapy remedies) can be purchased with an FSA or HSA. Keep in mind, over-the-counter medications require a prescription for reimbursement.
Whether you have kids in grade school or in college, a good night’s sleep is key to their success. Over-the-counter sleep aids, with a prescription, qualify as an eligible expense.
If you have an athletic child who is involved in sports, you can purchase many orthopedic devices and products with an FSA or HSA. These items include ankle and knee braces/wraps, athletic tape, arch supports, back braces, and other related items.
For visually impaired students who need reading assistance, you can use your FSA or HSA to cover the difference between a standard printed edition of a book and the Braille edition. This also includes the price of audio products.
The 2018 school year is coming up quick. Take care of your preparation needs with your employer-sponsored benefits, and get your kids back in the classroom on the right foot.
DataPath, Inc. is leading innovator of cloud-based benefits administration solutions for FSAs, HRAs, HSAs, Transit accounts, and COBRA billing.