EyeBuyDirect is now accepting Flexible Spending Account (FSA) Debit Cards as a payment option. This is good news for anyone that has an FSA debit card through an employer as part of their medical plan and has wanted to use it for glasses purchases through EyeBuyDirect but hasn’t been able to.
If you have a FSA debit card all you do is enter that information in the shopping card as any regular credit card/debit card. EyeBuyDirect will able to process the payment. What if you don’t have an FSA debit card? You will have to submit your EyeBuyDirect purchase for reimbursement with anything your employer needs to process it. If you need any help I’d contact EyeBuyDirect customer support so they can walk you through your options and how to do it.
Currently the other payment options that Eye Buy Direct accepts are credit cards, debit cards, PayPal, and Amazon Payments.
Flexible Spending Accounts (FSA)?
If you are not sure what a Flexible Spending Account (FSA) is, they are basically accounts that maintained by employers. You as an employee can allott some of your salary each year to pay medical expenses when needed that is not covered by your employer’s healthcare plan. In this case you can use it to buy prescription glasses through EyeBuyDirect. The nice thing about putting money into a FSA instead of a regular savings account is that money from your paycheck can not be taxed in the FSA. It ends up saving you money and encourages employees to save for medical expenses in the future.
Each year you are allowed to put in a maximum of $2,550 into an account. This money must be spent before the end of the year. So if you do put money into a FSA make sure you use it for medical expenses before December 31st. In 2013 they relaxed the rules for FSA accounts. Your employer can allow a 2 and half month grace period in which you use your remaining money in your FSA. The other option is you can roll $500 into next year’s FSA plan.
If you are not sure you have a FSA through your employer it is best to ask and see what they say.