With the end of the year rolling around, many people are looking for last-minute ways to save on taxes. If you still have money in your Flexible Spending Account (FSA), you'll need to spend it before the end of the year to avoid forfeiting it, as most FSAs don't roll over year to year.
But what if you don't have any outstanding medical costs you need to cover? If that's the case for you, convenient orthodontic treatments like Invisalign are a great way to improve your overall health and well-being by straightening your smile, even if you don't have a pressing condition that requires treatment.
But is it possible to pay for braces or Invisalign using an FSA? Can FSAs pay for orthodontic treatment?
It turns out, the answer is yes: both FSAs and Health Savings Accounts (HSAs) can normally be used to cover orthodontic treatment.
This means that using money from an FSA to cover orthodontic treatment is a great way to improve your life while saving on taxes and to avoid losing the money in the account at the end of the year. So whether you want orthodontic treatment for you or your child, spending your FSA money on orthodontic care is a smart move that's sure to leave you smiling!
All About Braces is a leading orthodontic practice serving the greater Denver, CO area. All About Braces provides a variety of treatments including braces, clear braces, and Invisalign. If you're interested in improving your smile in the Denver area – especially if you have money left in your FSA – contact All About Braces to learn more.