- By Clay Rollyson
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Both HSAs and FSAs allow you to set aside pre-tax dollars for qualified medical expenses. The primary difference is that HSA funds roll over year to year and remain with you even if you change employment, whereas FSA funds are typically “use it or lose it” within the plan year and may be forfeited if you leave your job.
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Eligible CPAP Supplies and Accessories
Most CPAP-related products are considered eligible expenses under HSA and FSA guidelines because they are essential for medical treatment. At CPAPmyway, you can use your HSA or FSA funds to purchase items such as:
- CPAP Machines: Including standard, auto-adjusting, and travel models.
- CPAP Masks: Options like full-face masks, nasal masks, and nasal pillow masks.
- Mask Parts: Replacement cushions, headgear, and other components.
- Disposable Parts: Filters, tubing, water chambers, and chinstraps.
- Accessories: Cleaning supplies, comfort products, and power options.
- CPAP Cleaners: Devices designed to make cleaning CPAP equipment easier.
For a comprehensive list of eligible items, refer to the FSA Eligibility List.
When do FSA benefits expire?
Flexible Spending Account (FSA) benefits typically expire at the end of the plan year, though this varies by plan. Many FSAs have a “use-it-or-lose-it” rule, meaning unused funds are forfeited. However, some plans offer a grace period of up to 2.5 months into the new year to spend leftover funds, or allow a carryover of up to $610 (as of 2024) into the next plan year.
To confirm specific details for your FSA, consult your employer or FSA plan administrator.
Using Your HSA or FSA Card
Purchasing with your HSA or FSA debit card is straightforward. Simply add the desired products to your cart on our online store and proceed to checkout, using your HSA or FSA card as the payment method. Ensure that the merchant is approved to accept HSA or FSA cards; at CPAPmyway, we are an authorized merchant for both. If you encounter any issues, please contact us at 813-704-6038 for assistance.
Don’t Let Your Benefits Expire
If you have remaining HSA or FSA funds, consider using them to purchase necessary CPAP equipment or accessories before they expire. This proactive approach ensures you maximize your benefits and maintain effective sleep apnea treatment.
FSA and HSA for CPAP Equipment FAQs:
1. Are CPAP machines and accessories eligible for HSA and FSA?
Yes, CPAP machines, masks, and most accessories are considered eligible expenses under HSA and FSA guidelines. These items are classified as necessary medical equipment for the treatment of sleep apnea.
2. Do I need a prescription to use HSA or FSA funds for CPAP equipment?
Yes, a valid prescription is typically required to use HSA or FSA funds for CPAP equipment. The prescription validates the medical necessity of the items, which is necessary for reimbursement. Don’t Have a current Prescription? Click here for our quick and easy Prescription Renewal Process.
3. Can I use HSA or FSA funds for CPAP cleaning supplies?
Essential cleaning supplies like CPAP cleaners and sanitizers may be eligible, but it depends on your plan administrator. Always check with your HSA or FSA provider for specific coverage details.
4. Are replacement parts for CPAP machines covered by HSA and FSA?
Yes, replacement parts such as tubing, filters, cushions, and headgear are typically covered because they are essential for maintaining effective therapy.
5. Can I use HSA or FSA funds for CPAP accessories like travel cases and battery packs?
Yes, accessories that support CPAP therapy, such as travel accessories and battery packs, are generally eligible. However, coverage can vary, so confirm with your HSA or FSA provider.
6. What’s the difference between an HSA and an FSA?
The main differences are:
- HSA: Funds roll over year to year and stay with you even if you change jobs. You must have a high-deductible health plan to qualify.
- FSA: Funds typically have a “use-it-or-lose-it” policy, meaning you need to use the money within the plan year or risk losing it. Some plans offer a grace period or allow a small carryover amount.
7. How do I use my HSA or FSA card to buy CPAP equipment?
You can use your HSA or FSA debit card at retailers that accept these payment methods. At CPAPmyway, simply add the desired products to your cart and proceed to checkout using your HSA or FSA card.
8. What should I do if I have unused FSA funds at the end of the year?
If your FSA has a “use-it-or-lose-it” policy, consider purchasing eligible CPAP supplies like replacement masks, filters, or cleaning products to avoid losing your funds. Always confirm expiration rules with your FSA administrator.
9. How can I confirm if a CPAP product is HSA/FSA-eligible?
You can check with your HSA or FSA administrator or consult the product description on the CPAPmyway online store, which identifies eligible products.
10. Can I buy CPAP equipment with my HSA or FSA funds online?
Yes, you can use your HSA or FSA funds online at approved retailers, including CPAPmyway. Ensure the retailer accepts HSA/FSA cards and provides receipts for your records.
