FSA Shopping Spree

While I was on dialysis, I had many medical appointments and out-of-pocket expenses. I decided to put money into a FSA account to get some income tax savings. Up until last year, I was able to use up every dollar in the account because I had to pay the out-of-pocket maximum on my January dialysis bill. That changed when I signed up for Medicare, but I still had a lot of expenses to pay. This past year however, I did not spend as much as I forecasted, and was left with half the account balance, or about $1,300.

What to do? Go shopping of course. I knew that there was a FSA store, specifically set up for people to burn down their FSA account balance. I thought that the prices would be marked up, but when I went to the website, the prices seemed normal. I also looked up items on Amazon and on Costco’s website. Finally, I was running out of insulin pen needles, so it was time to order that as well.

After several hours of shopping, I think I have drained the account down to around $432. There is a bunch of stuff in my Costco cart. I just need to get close to the balance with tax.

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After struggling a bit, I ended up removing some stuff on my Costco cart and only spent ~$300. That means I have about $100 left on the 2022 FSA account that I need to spend by March 15th.

I think I can do that on Amazon.