Senior man working on his laptop using an hsa for hearing aids.

Can You Use an FSA/HSA for Hearing Aids?

July 22, 2022

Your Flexible Spending Account (FSA) or Health Saving Account (HSA) is an invaluable resource that lets you set aside pre-tax money, sometimes directly from your paycheck, to pay for eligible medical expenses. Both accounts offer tax benefits and have annual contribution limits, helping you to pay for medical expenses that you might not have anticipated or planned for otherwise.

HSA cards roll over year to year, but FSAs work on a “use it or lose it” basis. That means that if you have not spent the funds by the end of the plan year, those funds will be lost unless the plan has a grace period or rollover feature. Be sure to check how your FSA or HSA card works so that you know whether you should spend your funds before the year is out. 

Are Hearing Aids FSA/HSA Eligible?

Hearing aids are eligible for reimbursement with an FSA, HSA, and health reimbursement arrangement (HRA) (where applicable). Hearing aid reimbursement is not eligible with a limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).

Hearing aids can be pricey investments which is why they’re a great resource to purchase with your FSA or HSA funds. 

You can purchase a pair of Lexie hearing aids through a one-time purchase or by subscribing to Lexie Hearing using your FSA/HSA card. 

FSA/HSA Frequently Asked Questions

Am I eligible?

In general, it is advised to confirm with your insurance company beforehand what is and isn’t covered under your insurance policy. This, however, might not always be possible, such as in the case of an emergency.

How can I use my FSA/HSA account to buy hearing aids?

If you have one of these accounts already set up, hearing aids are reimbursed in the same way as any other covered medical expense, such as eyeglasses or dental work. If you have an HSA credit card, you would just pay for the hearing aids with your credit card. hearX accepts all HSA credit and debit cards.

I have an FSA/HSA account but I don’t have enough money in it to pay for hearing aids. What should I do?

If you need hearing aids but don’t have sufficient funds in your account, speak to your plan holder about increasing your deposit to cover the hearing aids you are looking for. Remember these funds are deposited tax-free so you can still save significantly on your hearing aids. 

I don’t have an FSA or HSA. What are they?

If you are covered under an employer’s health insurance plan, you may have access to an FSA or an HSA, where you can store funds intended for out-of-pocket medical expenses. The funds in these accounts can be used for medical costs not covered by your insurance, including buying hearing aids.

An FSA/HSA allows account holders to pay for current health care expenses and save for those in the future. Its advantage is that contributions are tax-deductible, or if made through a payroll deduction, are pre-tax. Second, the interest earned on the account balance is tax-free.

How do they work?

You deposit money as a payroll deduction (FSA) or directly (HSA). When it comes time to actually make the purchase, it’s easy to access the funds in your account. Often you can access your FSA and HSA funds via a debit card, which can be used when you make your purchase. 

If you don’t have access to a debit card, you can submit receipts from your purchases to your insurance company or employer for reimbursement from your account. Since this is your money simply stored in an outside account, there is never a debate about how much insurance companies will reimburse, as long as it’s a qualified expense.

How much time do I have to use these accounts?

HSA accounts roll over into the following year. But if you’re planning on using FSA funds, remember that you need to make your purchase by December 31 to be eligible to use your account. 

Buy Lexie Hearing Aids with your FSA/HSA card

Lexie Hearing offers affordable, convenient hearing aids with exceptional customer service, from $42 per month. Everything you need to get started is delivered directly to your door, and the hearing aids come with a 45-day trial period. So, if you’re not entirely satisfied, you can return them and get a full refund. They’re a great, risk-free option if you’re looking for a pair of reliable hearing aids. 

Click here to purchase your Lexie hearing aids with your FSA/HSA dollars.

Still have questions? Speak to a Lexie Expert today. Call (800) 499-1336, Monday to Saturday from 9 AM to 8 PM EST.

Image of post writer Marcellé Swanepoel.

Written by Marcellé Swanepoel

B. Speech-Language Pathology and Audiology

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