FSAs are limited to $2,600 per year per employer. If you’re married, your spouse can put up to $2,600 in an FSA with their employer too.
You can use funds in your FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents.
You can spend FSA funds to pay deductibles and copayments, but not for insurance premiums.
You can spend FSA funds on prescription medications, as well as over-the-counter medicines with a doctor’s prescription. Reimbursements for insulin are allowed without a prescription.
FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.
You can spend FSA funds to pay for prescription eyewear; they are not allowed for non-prescription eyewear such as sunglasses.