A flexible spending account is an account to which you or your employer can contribute money that you can use to pay for certain out-of-pocket health care-related expenses. You do not have to pay taxes on this money, so you can save an amount equal to the amount of money you would otherwise have paid in taxes.
Funds in a flexible spending account, or FSA, can be used for medical and dental expenses, including copayments and deductibles, prescriptions, over-the-counter medications accompanied by a doctor’s prescription, and medical supplies such as crutches, bandages, and blood sugar test kits. Many other items can also be paid for with funds from a flexible spending account.
A variety of first aid kits can be purchased with FSA money. These kits contain many supplies needed to treat a variety of common injuries. We carry first aid kits in a variety of sizes to treat varying numbers of people. Some of our kits are specifically made for hunting, boating and fishing, and other outdoor activities.
You can also use your FSA for other medical supplies that you can use at home. You can buy a digital thermometer, blood pressure monitor, and cold compresses with tax-free money you have set aside for medical expenses.
Money put into a flexible spending account must generally be used by the end of the year, unless an employer grants a grace period or allows an employee to carry money over into the next year. If you have money in your FSA that you need to use soon, spend it wisely on first aid supplies to keep you and your family safe and healthy.