Understanding FSA & HSA: Your Guide to Smarter Health Spending
When shopping for medical products like braces, supports, or pain relief wear, it's important to know you may be able to use FSA or HSA funds. Here’s what that means and how it can benefit you:
What is an FSA?
A Flexible Spending Account (FSA) is a special account you put money into that you use to pay for certain out-of-pocket healthcare costs. You don’t pay taxes on this money, which means you save.
A Flexible Spending Account (FSA) is a special account you put money into that you use to pay for certain out-of-pocket healthcare costs. You don’t pay taxes on this money, which means you save.
- Use-it-or-lose-it: Most FSAs expire at the end of the year.
- Employer-based: FSAs are offered by employers and must be set up through a workplace benefit program.
What is an HSA?
A Health Savings Account (HSA) is another type of savings account used for medical expenses, but it’s only available to those with high-deductible health plans (HDHPs).
A Health Savings Account (HSA) is another type of savings account used for medical expenses, but it’s only available to those with high-deductible health plans (HDHPs).
- Funds roll over: Money in an HSA stays with you, year after year.
- More flexible: HSAs are often considered more flexible and are not tied to your employer
FSA & HSA: Frequently Asked Questions
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Can I use my FSA or HSA to buy a brace?Yes. Most orthopedic braces, supports, and compression wear are considered eligible expenses under both FSA and HSA plans.
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How do I use my FSA or HSA at checkout?Use your FSA/HSA debit card like a regular credit card at checkout. If you don’t have a card, you can pay upfront and submit the receipt to your provider for reimbursement.
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What if my item isn’t eligible?Some products may require a Letter of Medical Necessity (LMN) from your doctor. Check with your FSA/HSA provider before purchasing.
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Is shipping covered by FSA or HSA?Typically, only the product cost is eligible—not shipping or handling fees. Review your plan’s guidelines to confirm.
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Can I return items bought with an FSA or HSA?Returns are usually allowed, but your provider may need documentation or require that refunded amounts be returned to the account.
Shop with Confidence
Look for the FSA/HSA Eligible badge on our product pages or take our Brace Finder Quiz to match the right support for your condition.
Need help? Contact our support team 1-866-712-7808 or support@BraceAbility.com—we’re here to make healthcare spending easier and smarter for you
