5 Reasons to Use Your HSA/FSA Funds Before They Expire
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Time to read 4 min
HSA/FSA Funds
Every year, millions of Americans miss out on their hard-earned Flexible Spending Account (FSA) and Health Savings Account (HSA) funds simply because they don’t use them before the deadline. Did you know that FSA funds are often a use-it-or-lose-it benefit? If you’re sitting on leftover HSA/FSA funds dollars, now is the time to put them to good use. In this article, we’ll explore five compelling reasons to use your HSA/FSA funds before they expire and how you can invest in eligible wellness products like red light therapy devices for health benefits.
1. HSA/FSA Funds Expire – Don’t Let Your Money Go to Waste
Unlike Health Savings Accounts (HSA), which roll over from year to year, FSA funds typically expire at the end of the year. According to the IRS guidelines , most FSA holders forfeit any unused funds, with only limited exceptions for carryovers or grace periods. This means you need to spend your FSA dollars wisely before it’s too late!
2. HSA/FSA funds Covers More Than You Think
Many people assume HSA/FSA funds can only be used for prescription medications or doctor visits. In reality, they can be applied to a wide range of IRS-approved medical expenses ( https://www.irs.gov/publications/p502 ), including:
Pain relief therapies (like red light therapy)
Muscle recovery devices
Cold and heat therapy wraps
Skincare treatments for medical conditions
Certain FDA-approved medical devices
If you’ve been considering investing in a red light therapy device for pain management, inflammation reduction, or skincare, your HSA/FSA funds could cover the cost!
3. Red Light Therapy is a Smart Investment in Your Health
Red light therapy is backed by scientific research for its potential health benefits. Multiple studies suggest that low-level light therapy (LLLT) can help with muscle recovery, joint pain relief, and skin rejuvenation:
Investing in an HSA/FSA funds -eligible red light therapy device can be a great way to improve your long-term health and wellness while using tax-free funds.
4. Tax-Free Savings – Maximize Your Healthcare Dollars
One of the biggest benefits of HSA/FSA funds accounts is that they allow you to spend pre-tax dollars on eligible health and wellness expenses. This means you’re effectively saving 30-40% on medical purchases compared to using after-tax dollars. Don’t leave money on the table—make your HSA/FSA funds work for you!
5. Easy and Hassle-Free Shopping for HSA/FSA funds Products
Many online retailers now offer HSA/FSA funds-eligible products, making it easier than ever to spend your funds. At American Wellness Authority, we simplify the process by providing HSA/FSA funds -compliant products that can be purchased directly using your HSA/FSA card. Need a Letter of Medical Necessity (LMN)? We can help! Visit WithFlex to learn how to verify product eligibility.
“Use-It-Or-Lose-It” Rule (For FSA)
Most Flexible Spending Accounts (FSAs) come with a “use-it-or-lose-it” policy , meaning any unused funds at the end of the plan year may be forfeited. While some plans offer a grace period (up to 2.5 extra months) or allow a small carryover amount (up to $640 for 2024 ), many don’t. Rather than lose hard-earned money, it's wise to spend down your balance on eligible healthcare products or services before the deadline.
Cover Preventive & Wellness Services
HSA/FSA funds aren't just for emergencies or illness. You can use them for a variety of preventive services and wellness treatments that help maintain long-term health. Examples:
- Chiropractic care
- Acupuncture
- Physical therapy
- Dental cleanings
- Vision check-ups
- Mental health therapy
Booking these appointments before your deadline ensures your funds are used proactively rather than wasted.
Stock Up on Eligible Health Products for the Year Ahead
Since many health-related products don’t expire quickly, it’s a good idea to stock up on essentials now with remaining funds. Think:
- Contact lens solutions
- Pain relievers
- Baby care items (like baby monitors, if eligible)
- Bandages, wraps, and supports
- Skincare products with SPF
- Cold and flu supplies
This way HSA/FSA funds, you're financially preparing for the unexpected while avoiding last-minute spending.
Many online stores, including popular ones like Amazon (with an HSA/FSA funds-eligible section), allow you to filter and shop exclusively for qualifying items. Make one large purchase instead of multiple small ones to use your funds efficiently
Fund Health-Related Technology & Devices
Did you know that some health-tech items are HSA/FSA eligible ? These include:
- Blood pressure monitors
- Fitness devices with heart rate monitoring (depending on provider)
- Sleep aids
- TENS units
- CPAP machines and supplies
Investing in these now ensures you don’t waste your funds and enhances your overall well-being.
Some HSA/FSA funds require you to submit receipts for proof of eligible purchases. Keep your receipts organized, especially for online purchases or in-store items like medications, first aid kits, or medical devices
Conclusion:
Your HSA/FSA funds are a valuable resource—don’t let them go to waste! Whether you’re looking to invest in pain relief, muscle recovery, or skincare solutions like red light therapy, now is the time to take advantage of your tax-free dollars before they expire. Your HSA/FSA funds are powerful tools to support your health and wellness — but only if you use them in time. Whether it’s stocking up on everyday essentials, investing in preventative care, or treating yourself to products that enhance your well-being, making smart use of these pre-tax dollars helps you save money and stay proactive about your health. Don’t let your hard-earned funds expire; take advantage of them now and set yourself up for a healthier, more financially savvy year ahead.
👉 Explore our range of HSA/FSA-eligible red light therapy devices today!