When you're expecting, there's a lot of planning involved. From thinking about possible names to picking out colors for the baby room to baby clothes shopping, awaiting your new "bundle of joy" is an exciting time. While you're getting ready for baby, your health plays a huge role - not just for you, but for your baby, too. Feel free to share our tips with (new) moms, if they're curious as to what's covered by an FSA!
Here are 3 ways to prepare for your baby with a Flexible Spending Account:
1. While you eagerly await your baby's arrival, you'll likely be visiting different medical specialists and might be wondering what's covered by a Flexible Spending Account. A lot of services are, but it's good to contact your FSA administrator to find out more details - and what's allowed under your specific FSA plan. FSAstore.com has an FSA Eligibility List that mentions services & products covered by FSAs, as well.
Use an FSA for the following services:
Baby sitting- could be covered under a Dependent Care FSA, but not a Healthcare FSA.
Birthing classes- could be partially covered with an FSA, as long as these relate to childbirth itself including breathing techniques, stages of labor, labor and delivery procedures and more.
A birthing coach could be covered by a Flexible Spending Account, if that coach is necessary for treatment or assistance with a medical condition (Letter of Medical Necessity is needed).
**It's best to check your Summary Plan Description, or ask your FSA administrator about eligible expenses.
2. A variety of Baby Care products are also covered by Flexible Spending Accounts.