![]() You still need a prescription from your doctor. ![]() Many medicines you can normally buy without a prescription for chronic conditions are eligible for FSA spending, but there's a catch. Over-the-counter medicines and drugstore products Whether you're looking to spend unused end-of-year FSA money now or you're interested in how to make the most of your FSA dollars next year, Iruke offers the following advice. In addition, employers that offer other health care spending benefits may have a more restricted list of qualified medical expenses than the general list the IRS uses. An employer can offer the grace period or the carryover, but not both. Other employers may allow you to carry over up to $500 in FSA funds to use in the following year. Many companies offer a two-and-a-half month extension on your calendar year FSA, meaning you have until mid-March 2018 to use your 2017 FSA contributions on qualified expenses. Before you buy, double-check your employer's rules.
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