What expenses does a Flexible Spending Account cover?

A Flexible Spending Account (FSA) covers a variety of eligible medical expenses, including out-of-pocket costs for prescriptions, copayments, and certain over-the-counter medications. It can also be used for qualified expenses like dental and vision care, such as braces, eye exams, and glasses. Additionally, some FSAs may cover dependent care expenses, such as daycare fees for children. However, it’s important to check specific plan details, as coverage can vary.