10 Tax-Free Ways for Parents to Invest in Self-Care with FSA and HSA Funds
10 Tax-Free Ways for Parents to Treat Themselves
Being a parent often means prioritizing the needs of children above all else. However, self-care is crucial for maintaining overall wellbeing. As Mother’s Day and Father’s Day approach, it’s an ideal time for parents to leverage their tax-free Flexible Spending Account (FSA) and Health Savings Account (HSA) funds to invest in their own health and wellness. Here are ten great ways to use these funds effectively:
1. Upgrade Your Skincare Routine
Whether you're dealing with adult acne or skin irritation from pregnancy or aging, you can invest in effective skincare products. Utilize your FSA or HSA funds to purchase items like topical treatments, sun protection, cleansers, and even light therapy masks. Plus, access to personalized dermatology care through telehealth can also be covered!
2. Ease Aches and Pains
Long days spent on the go can lead to sore muscles and joint pain. Consider investing in health devices such as massage guns, heating pads, ice packs, or TENS units, which can alleviate discomfort and get you moving again, ready to play with your kids.
3. Get High-Tech with Health Devices
Tracking your biometrics is important, especially if dealing with chronic conditions like high blood pressure or diabetes. Many home diagnostic devices are eligible for purchase through FSA and HSA funds. Keep tabs on your health while saving money!
4. Move More, Feel Better
Physical activity is essential, no matter your stage in life. For those looking to improve their fitness or maintain a healthy lifestyle, wearable trackers such as the Oura Ring or Whoop! can help you stay active—all while being FSA or HSA eligible.
5. Focus on Mental Health
Coping with the stress of parenting is challenging, and it’s important to take care of your mental health. Use your accounts to find virtual mental health counseling options, providing essential support when you need it most, all from the convenience of your home.
6. Achieve Your Weight Goals
Maintaining a healthy weight is integral to overall health, yet can be hard for busy parents. FSA and HSA funds can help access GLP-1 weight loss medications, making it easier to reach your health targets.
7. Improve Your Sleep Health
Sleep issues can affect mental health and overall wellbeing. Consider telehealth services or devices to help manage conditions like sleep apnea, or over-the-counter sleep aids that are also eligible for purchase.
8. Prepare for Future Travels
Planning a getaway? Use your tax-free funds for travel health essentials such as first-aid kits, sunscreen, and over-the-counter medications to ensure you’re well-prepared on your next adventure.
9. Update Your Eyewear
With spring around the corner, it might be time for a new look! Use your FSA or HSA funds to shop for prescription glasses or sunglasses from the Optical Shop at FSA Store® and HSA Store®, and don’t forget to schedule your annual vision exam!
10. Invest in Fertility Support
If you’re in the process of starting or expanding your family, it’s important to address fertility needs. Your HSA or FSA can help you acquire the necessary products or clinical support to facilitate a healthy pregnancy journey.
In summary, as we celebrate Mother's Day and Father's Day, don’t forget to celebrate yourself! Explore the many FSA and HSA-eligible products available to you by visiting FSAstore.com and HSAstore.com. With smart use of your funds, parenthood can be a journey towards not only caring for your children but also for nurturing your health and happiness.
About Health-E Commerce®
Health-E Commerce® is the parent company of FSA Store® and HSA Store®, catering to over 70 million consumers enrolled in pre-tax health savings accounts. They also offer products under the Caring Mill® label, with a portion of sales supporting the Children's Health Fund. Since 2010, Health-E Commerce has led the way in direct-to-consumer markets for pre-tax health benefits, continuously expanding the range of eligible products.