As we enter the last month of 2020, many people have unused eye-care benefits in their Flexible Spending Accounts (FSA). FSAs are non-taxed savings accounts that allow you to pay for out-of-pocket health-related expenses. What you may not know is that many of these benefits expire at the end of December, and often there isn’t a “roll-over” option, so now is the time to take advantage of your hard-earned dollars before they expire.
What is FSA?
An FSA is set up by your employer to allow you to contribute a portion of your regular earnings to pay for qualified health expenses, such as vision care. However, all the money set aside in an FSA generally must be used by the end of the plan year and cannot be rolled over. When the year ends or the grace period expires, any funds that remain in your FSA are lost.
What Vision Care Spending Options are eligible for using FSA dollars?
Your FSA can be used for authorized vision expenses such as eye exams a second pair of glasses for you and your spouse/dependents. Your FSA dollars can also be used for specific optical options on your eyeglasses such as specialized lens coatings, upgraded lens designs, and lens tints that may not be included in your policy. If you don’t already have quality UV-blocking sunglasses, now is a great time buy them.
At Doctors Vision Care our team of professionals provides a comprehensive eye exam which not only detects vision issues at an early stage but can also reveal warning signs for other undiagnosed health problems. Even if you don’t wear glasses, regular eye exams are important as a preventative means to manage overall health.
At Doctors Vision Care, we have a large selection of frames, lenses, and sunglasses in styles ranging from the economical to designer brands as well as specialty eyewear and industrial protective frames and lenses. We offer contact lens exams and fittings and have a wide variety of contact lenses for all your needs. You can also take an additional 25% off of your second pair of glasses or other eyewear products or services.
Not all coverage plans are the same. At Doctors Vision Care, our knowledgeable staff can help you with your insurance plan and assist you in maximizing your health care benefits. Doctors Vision Care offers direct billing services and partners with all major insurance companies. We work with your insurance company to take care of your payment.
As we approach the busy holiday season, Doctors Vision Care has extended evening and weekend hours at our Saskatoon and Martensville clinics, and Rosthern clinic is now open five days a week so you can book an eye exam at a time that is convenient to you. In addition, Doctors Vision Care has two satellite clinics in Biggar and Outlook to provide eye care services to communities in those areas.
Not using your benefits is like leaving money on the table. Many of these benefits expire at the end of the year and cannot be rolled over. You only have a few remaining weeks to reap the benefits of your FSA, so book an eye exam at one of our clinics or pick up another pair of glasses or contact lenses.
Contact us to book a comprehensive eye exam or let us help you maximize your benefits before they expire:
Do you know?
- With a valid Saskatchewan Health card, all ocular emergencies and dry eye assessments are covered.
- In Saskatchewan, children under the age of 18 are covered for an eye exam once per year.
- In Saskatchewan, an annual eye exam is covered for anyone being monitored for Diabetes, by their family doctor.
- In Saskatchewan, seniors (65+) who receive the Saskatchewan Income Plan (SIP) supplement are covered for a regular eye exam.