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Yes, you can use both Flexible Spending Account (FSA) and Health Savings Account (HSA) funds to purchase hearing aids. These accounts allow you to use pre-tax dollars for qualifying medical expenses, which typically include hearing aids and related equipment.

FSA and HSA funds can generally be used for: Hearing aids and related supplies Hearing evaluations and tests TV adapters for easier connection, remote microphones for more focused listening in crowded settings, and other accessories to maximize the utility of your devices Technology that doesn’t connect to your devices, such as captioning telephones for home use

Yes, you can use your FSA or HSA funds to purchase hearing aid supplies and accessories, such as batteries, cleaning tools, and storage cases. These items are considered necessary for the proper functioning and maintenance of your hearing aids.

Generally, FSA funds do not roll over to the next year. Most FSA plans operate on a use it or lose it basis, meaning any unused funds at the end of the year are forfeited. However, some employers offer a grace period or allow a small amount to be carried over. Check with your specific plan for details.

While both FSA and HSA can be used for hearing aids, there are some key differences: FSA funds typically must be used within the calendar year, while HSA funds roll over year to year. HSAs are only available with high-deductible health plans, while FSAs are offered with various types of health insurance plans. HSA contributions can be adjusted throughout the year, while FSA contribution amounts are usually set at the beginning of the year.