The year is almost at an end, which means you have less than a month to shop for Christmas presents, attend family parties, and use the rest of your flex dollars before they run out. The eye doctors at Digby Eye Associates encourage residents of Greensboro, NC, to schedule an eye exam before the year ends, so they can avoid missing out on their flex insurance spending.

Below, the experts explain the ins and outs of flex spending and the benefits of using it on your next pair of glasses:

What Is Flex Spending?

A Flexible Spending Account allows employees to withhold up to $5,000 tax-free that they can use to pay out-of-pocket medical and health-related expenses. Benefits of this program include using un-taxed bank funds to cover various medical expenses, as well as lower your tax liability. However, the major downside is you have to use up your entire balance by the end of the year because flex dollars do not roll over.

Use Your Flex Dollars On Your Next Pair Of Glasses

If you’ve been holding off on purchasing a pair of prescription eyeglasses, now is the time to make your ‘end of the year’ appointment. Frames and prescription lenses are often a hefty cost, but eyeglasses are considered a medical expense under the Flex funds program. If you’ve already purchased or own a set of ‘everyday’ glasses, you can also use your flex dollars on prescription sunglasses, sunglasses (with doctor recommendation) and contact lenses.

Don’t miss your chance to cash in on your flex spending dollars on a new pair of frames. For those living in the Greensboro, NC, area, call (336) 230-1010 to speak with a staff member at Digby Eye Associates and schedule your eye exam. You can also visit them online to learn more about their services.