Latest news with #FSA-approved
Yahoo
18-02-2025
- Business
- Yahoo
What is a dependent care FSA?
A dependent care flexible spending account (DCFSA) is a tax-advantaged account that lets you build tax-free savings for adult and childcare expenses. It's a nice perk, but it requires some planning, and there are rules you need to follow. DCFSAs are part of employer benefits or cafeteria plans. If your employer offers it, you can sign up during open enrollment or a qualifying life event and choose how much to contribute from each paycheck. Your employer may give you a debit card to pay for eligible expenses, or you can pay out of pocket and submit a claim form for reimbursement. To be eligible for dependent care benefits, you have to work for an employer that offers it and meet IRS requirements for claiming dependent care expenses, including the following: The expenses must pay for caring for a child under 13 or a spouse or dependent who cannot care for themselves. You (and your spouse if filing jointly) have earned income during the year. You're paying for care so you can work or look for work. Funding your DCFSA with pre-tax money lowers your taxable income and, ultimately, your tax bill. For a married couple in the 22% federal tax bracket, tax savings from a dependent care FSA could total $1,100. You can save up to the annual contribution limit, which is $5,000 (or $2,500 if you're married and filing separately) for both 2024 and 2025. Aim to use your DCFSA funds by the end of the plan year, or you'll forfeit them to your employer. An employer can offer up to a 2 ½ month grace period where you can continue to incur and claim approved expenses. Talk with your human resources group or check your employee benefits plan for specific details. The dependent care FSA contribution limit is staying the same for 2025. How much you can save depends on your tax filing status. Single or head of household: $5,000 Married, filing jointly: $5,000 Married, filing separately: $2,500 Since you have to set your contribution amount for the year ahead of time — usually during open enrollment — you'll have to do some planning. Estimate your 2025 expenses, by looking at what you spent in previous years or adding up monthly fees for your children's preschool, for example, to determine how much you should save. Remember, you forfeit unused FSA funds at the end of the calendar year. Expenses are FSA-eligible if they are work-related, meaning they're costs you pay for the care of a qualifying dependent so you can work or look for work. Examples of dependent care FSA-approved expenses could include: Daycare, preschool, or similar programs. A babysitter, au pair, or nanny who watches your child while you work. Before- or after-school programs and summer day camps. Dependent care centers, like adult day care. Some expenses that are not FSA eligible include private school tuition, overnight camps, and music lessons or sports programs. You may be able to combine dependent care tax breaks and maximize your savings. Consider these additional savings for households with children or dependents. Child tax credit: The child tax credit is a tax break for households with kids under 13. You can claim this credit, worth up to $2,000 per child for 2024, even with a DCFSA. Child and dependent care tax credit: The child and dependent care tax credit lowers your tax bill based on what you paid for dependent care. Because the DCFSA and childcare credit cover similar expenses, you can use both as long as you don't claim the same expenses for both benefits. Households can claim up to $3,000 for one dependent or $6,000 for two or more dependents. A dependent care FSA is one of several savings accounts with tax benefits. Here are two others worth noting. Healthcare FSA: Use pre-tax money to save and pay for eligible health expenses through a healthcare savings account only available through your employer. Health savings Account (HSA): Like an FSA, you can use an HSA to save for medical expenses with pre-tax dollars, but only if you're enrolled in a high deductible health plan. You don't need an employer to open an HSA, and there is no annual deadline to use the funds. Go further: All you need to know about Health Savings Accounts Your dependent care FSA balance does not roll over. Unused funds usually expire at the end of the year unless your employer offers a grace period of up to 2 ½ months into the new year. FSA-eligible expenses are for qualifying adult or childcare that allows you to work or look for work. These programs could include elder care, babysitting, nursery school, and before- or after-school care. You can use a dependent care FSA with the child tax credit. The child tax credit gives up to $2,000 per qualifying child. You may also be able to combine your FSA with the child and dependent care credit, which is a tax break for dependent care expenses. The dependent care credit provides $3,000 for one dependent and $6,000 for two or more dependents. You can't claim expenses already reimbursed through your FSA.
CNN
28-01-2025
- Health
- CNN
The 10 best FSA-approved foot massagers, according to podiatrists
Investing in the best foot massager isn't just a luxury, but a necessity for maintaining overall podiatric health and daily comfort. And when you have the option of getting some hard-earned cash back from your employer-sponsored flexible spending account, this FSA-eligible expense is a smart step in the right direction. 'Foot massagers are a great way to soothe tired, achy feet and FSA-approved massagers have the added bonus of potentially saving people some of the expense,' says Dr. Michael Nirenberg, a clinical and forensic podiatrist at Friendly Foot Care in Indiana. 'I have seen both FSA and non-FSA foot massagers that are excellent. My feeling is that health care is expensive, and if you can save a little money, go for an FSA-approved foot massager.' From FSA-approved foot massagers that help boost circulation and eradicate everyday pains to options that simply melt away stress and promote relaxation, here's exactly what to look for and which options to shop for some extra pep in your step. Caresky Pro Shiatsu Foot Massager Between its three heat levels, safety timer, numerous massage modes and remote control for ultimate convenience, this FSA-approved foot massager checks off every box. 'I recommend the Caresky Pro Foot Massager,' says Nirenberg says. 'This massager gives a good balance between features and safety. It offers multiple types of massage and heat, and while at first glance it looks bulky, it is not heavy.' The best part? It comfortably fits feet up to size 14. TheraFlow Small Dual-Foot Massager If staying pain-free on the road is a priority for you, be sure to grab this compact, expert-approved pick that doesn't require any batteries or charging ports to operate. 'This is a portable, manual option that is great for targeting plantar fasciitis pain and improving circulation,' says Dr. Gregory Alvarez, podiatrist at Ankle & Foot Centers of America. Cloud Massage Shiatsu Foot Massager To feel like you're walking on clouds, consider adding this comfortable option to your cart. 'This one offers deep-tissue massage, heat and compression therapy, making it suitable for chronic foot pain and swelling,' Alvarez says. Bob and Brad Foot Massager The allure of this FSA-approved foot massager is that it's designed to feel like a lifelike massage that uses hands and fingers to melt away pain and sensitivity. Its remote control further adds to its convenience, while multiple massage modes, heat settings and intensities allow you to walk away feeling lighter and more comfortable in your step. Renpho Shiatsu Foot Massager With Heat Alvarez recommends this popular model because 'it combines kneading, rolling and heat functions in a compact design, ideal for stress relief and circulation.' As it focuses predominantly on massaging the arches and heel of the foot — as opposed to the toes — it makes for a solid option for those struggling with plantar fasciitis. Miko Shiatsu Foot, Calf and Ankle Massager With Heat Whether you're experiencing swelling, neuropathy or chronic pain, this foot massager with access to your calves provides some much-needed relief with your choice of intensity. 'This massager offers many different options and massage levels for those with sensitive feet,' Nirenberg says. Plus, the included remote allows you to personalize your foot massage, well, remotely. Tisscare Foot Massager With Heat This FSA-eligible foot massager combines heat therapy with shiatsu massage to deliver a spa-grade therapeutic experience from the comfort of your favorite chair. It's equipped with five levels of air compression and three massage modes to melt away sore spots. Use the adjustable handle to angle it toward either your feet or your calves for a bespoke massage experience to promote circulation where you need it most. Tadoune 2-in-1 EMS Foot Massager Mat For ultimate relief on the go, look no further than this 2-in-1 foot massager mat that doubles as a back massager (it's also suitable for virtually anywhere you can use a little extra TLC). Despite its simple interface, it boasts a whopping eight modes and 19 intensities. Thanks to a 15-minute auto shutoff feature, you can doze off while using it — worry-free. Yoyomax Electric Foot Massager With Heat and Ice Therapy Our experts agree the application of heat can do wonders for achy feet, but it can come at the risk of sores and infections, especially for users with diabetes. An alternate option with plenty of restorative benefits is this foot massager boasting a cold therapy component, proven to reduce inflammation and promote recovery. Fit King Air Massager This wraparound-style massager uses air compression to deliver a therapeutic massage from the knee all the way down, with two massage modes and three intensity levels. The attached handheld remote means, unlike the others hidden in your couch cushions, it'll never get lost. The massager comes with two calf extensions to fit a wider range of users. Personalized modes When looking for an FSA-approved foot massager, 'it is best to first think about what you want the massager to do for you and your particular situation,' Nirenberg says. He recommends looking for foot massagers that allow you to alternate between massage types, like shiatsu, kneading and rolling, to suit your needs and comfort level. 'Features vary as well,' he says. 'Do you want vibration, heat or even a remote control if you do not want to have to bend down to operate the device? I know a lot of my older patients simply cannot bend down without difficulty, often due to arthritis, and for them, having a massager with a remote control [is a wise option].' Alvarez says the foot massager should boast an ergonomic design that caters to different foot sizes so you can be sure it works for you. While FSA-approved foot massagers can indeed be therapeutic from a medical vantage point, he says they are also designed to be a useful tool for relaxation. Wider massage ranges According to Nirenberg, our calves play an important role in pumping blood throughout our feet and legs, so a massager that can assist in this function may be a worthy option. 'I try to find foot massagers that not only work on my feet but my calves as well,' Nirenberg says. 'These seem to get the blood moving better.' Safety features When heat and pressure are involved, you always want to look for safety features like auto shutoff. 'Another safety feature I like are massagers that can be set to turn off after a period of time automatically,' Nirenberg says. 'This way, if a person falls asleep, the machine will not keep going and lead to an injury.' FSA eligibility It may sound obvious, but it's worth the reminder: Before adding to cart, double-check that the foot massager in question is actually eligible for FSA reimbursement. 'Ensure the massager is explicitly labeled as FSA eligible and check the manufacturer's details, or consult your FSA plan administrator for confirmation,' Alvarez says. Expert consultation Before investing in an FSA-approved foot massager, speak with your medical provider or podiatrist to confirm whether the device is right for you. 'As an important caution for diabetic patients, those with neuropathy or poor circulation should check with their podiatrist first,' says Nirenberg, adding that some massagers can be quite strong or get very warm, posing a risk of developing sores or infections. 'Over my 30-plus years in practice, I have seen some diabetic patients end up with serious infections and even amputations from heating or massage devices.' The following FAQs have been answered by podiatrist Gregory Alvarez. What are the different types of FSA-approved foot massagers? What are the different types of FSA-approved foot massagers? FSA-approved foot massagers typically fall into the following categories. Manual massagers, which are handheld or roller devices that provide customizable pressure. Electric massagers, which are powered devices with features like vibration, kneading and heat therapy for deeper relaxation and therapeutic benefits. Compression massagers, which use air pressure to improve circulation and reduce swelling, and is particularly beneficial for those with conditions like edema. Hydrotherapy massagers, which are foot spas that combine water jets and massage functions for added do I use FSA dollars on an FSA-approved foot massager? How do I use FSA dollars on an FSA-approved foot massager? To use FSA dollars, purchase a foot massager labeled as FSA eligible through a retailer that accepts FSA cards or provides an itemized receipt for reimbursement. Some massagers may require a letter of medical necessity (LMN) from your health care provider, so check with your FSA plan to confirm any additional documentation requirements. Are FSA-approved foot massagers similar in quality to regular foot massagers? Are FSA-approved foot massagers similar in quality to regular foot massagers? FSA-approved foot massagers are often the same quality as regular foot massagers. The key difference lies in their eligibility for FSA spending, which requires the device to meet specific health-related criteria. Many high-quality brands design products that qualify for FSA approval, ensuring you get both therapeutic benefits and value. For this article, we consulted the following experts to gain their professional insights. Dr. Gregory Alvarez, podiatrist at Ankle & Foot Centers of America Dr. Michael Nirenberg, clinical and forensic podiatrist at Friendly Footcare in Indiana CNN Underscored thoroughly tests all the products we cover and provides full transparency about how we test them. We have an experienced team of writers and editors who have many years of testing experience and ensure each article is carefully edited and products are properly vetted. Contributing editor Marissa Miller has 15 years of experience writing and reporting on all things health and well-being, and serves as a certified personal trainer with a specialization in orthopedic exercise. For this article, she consulted two board-certified podiatrists for their advice on selecting the best FSA-approved foot massagers. Explore trending products HigherDose Full-Spectrum Infrared Sauna Sunlighten mPulse Aspire Smart Tatdol Portable Home Steam Sauna Box Maxxus Lifesauna Aspen 2-Person Infrared
CNN
28-01-2025
- Health
- CNN
The 10 best FSA-approved foot massagers, according to podiatrists
Investing in the best foot massager isn't just a luxury, but a necessity for maintaining overall podiatric health and daily comfort. And when you have the option of getting some hard-earned cash back from your employer-sponsored flexible spending account, this FSA-eligible expense is a smart step in the right direction. 'Foot massagers are a great way to soothe tired, achy feet and FSA-approved massagers have the added bonus of potentially saving people some of the expense,' says Dr. Michael Nirenberg, a clinical and forensic podiatrist at Friendly Foot Care in Indiana. 'I have seen both FSA and non-FSA foot massagers that are excellent. My feeling is that health care is expensive, and if you can save a little money, go for an FSA-approved foot massager.' From FSA-approved foot massagers that help boost circulation and eradicate everyday pains to options that simply melt away stress and promote relaxation, here's exactly what to look for and which options to shop for some extra pep in your step. Caresky Pro Shiatsu Foot Massager Between its three heat levels, safety timer, numerous massage modes and remote control for ultimate convenience, this FSA-approved foot massager checks off every box. 'I recommend the Caresky Pro Foot Massager,' says Nirenberg says. 'This massager gives a good balance between features and safety. It offers multiple types of massage and heat, and while at first glance it looks bulky, it is not heavy.' The best part? It comfortably fits feet up to size 14. TheraFlow Small Dual-Foot Massager If staying pain-free on the road is a priority for you, be sure to grab this compact, expert-approved pick that doesn't require any batteries or charging ports to operate. 'This is a portable, manual option that is great for targeting plantar fasciitis pain and improving circulation,' says Dr. Gregory Alvarez, podiatrist at Ankle & Foot Centers of America. Cloud Massage Shiatsu Foot Massager To feel like you're walking on clouds, consider adding this comfortable option to your cart. 'This one offers deep-tissue massage, heat and compression therapy, making it suitable for chronic foot pain and swelling,' Alvarez says. Bob and Brad Foot Massager The allure of this FSA-approved foot massager is that it's designed to feel like a lifelike massage that uses hands and fingers to melt away pain and sensitivity. Its remote control further adds to its convenience, while multiple massage modes, heat settings and intensities allow you to walk away feeling lighter and more comfortable in your step. Renpho Shiatsu Foot Massager With Heat Alvarez recommends this popular model because 'it combines kneading, rolling and heat functions in a compact design, ideal for stress relief and circulation.' As it focuses predominantly on massaging the arches and heel of the foot — as opposed to the toes — it makes for a solid option for those struggling with plantar fasciitis. Miko Shiatsu Foot, Calf and Ankle Massager With Heat Whether you're experiencing swelling, neuropathy or chronic pain, this foot massager with access to your calves provides some much-needed relief with your choice of intensity. 'This massager offers many different options and massage levels for those with sensitive feet,' Nirenberg says. Plus, the included remote allows you to personalize your foot massage, well, remotely. Tisscare Foot Massager With Heat This FSA-eligible foot massager combines heat therapy with shiatsu massage to deliver a spa-grade therapeutic experience from the comfort of your favorite chair. It's equipped with five levels of air compression and three massage modes to melt away sore spots. Use the adjustable handle to angle it toward either your feet or your calves for a bespoke massage experience to promote circulation where you need it most. Tadoune 2-in-1 EMS Foot Massager Mat For ultimate relief on the go, look no further than this 2-in-1 foot massager mat that doubles as a back massager (it's also suitable for virtually anywhere you can use a little extra TLC). Despite its simple interface, it boasts a whopping eight modes and 19 intensities. Thanks to a 15-minute auto shutoff feature, you can doze off while using it — worry-free. Yoyomax Electric Foot Massager With Heat and Ice Therapy Our experts agree the application of heat can do wonders for achy feet, but it can come at the risk of sores and infections, especially for users with diabetes. An alternate option with plenty of restorative benefits is this foot massager boasting a cold therapy component, proven to reduce inflammation and promote recovery. Fit King Air Massager This wraparound-style massager uses air compression to deliver a therapeutic massage from the knee all the way down, with two massage modes and three intensity levels. The attached handheld remote means, unlike the others hidden in your couch cushions, it'll never get lost. The massager comes with two calf extensions to fit a wider range of users. Personalized modes When looking for an FSA-approved foot massager, 'it is best to first think about what you want the massager to do for you and your particular situation,' Nirenberg says. He recommends looking for foot massagers that allow you to alternate between massage types, like shiatsu, kneading and rolling, to suit your needs and comfort level. 'Features vary as well,' he says. 'Do you want vibration, heat or even a remote control if you do not want to have to bend down to operate the device? I know a lot of my older patients simply cannot bend down without difficulty, often due to arthritis, and for them, having a massager with a remote control [is a wise option].' Alvarez says the foot massager should boast an ergonomic design that caters to different foot sizes so you can be sure it works for you. While FSA-approved foot massagers can indeed be therapeutic from a medical vantage point, he says they are also designed to be a useful tool for relaxation. Wider massage ranges According to Nirenberg, our calves play an important role in pumping blood throughout our feet and legs, so a massager that can assist in this function may be a worthy option. 'I try to find foot massagers that not only work on my feet but my calves as well,' Nirenberg says. 'These seem to get the blood moving better.' Safety features When heat and pressure are involved, you always want to look for safety features like auto shutoff. 'Another safety feature I like are massagers that can be set to turn off after a period of time automatically,' Nirenberg says. 'This way, if a person falls asleep, the machine will not keep going and lead to an injury.' FSA eligibility It may sound obvious, but it's worth the reminder: Before adding to cart, double-check that the foot massager in question is actually eligible for FSA reimbursement. 'Ensure the massager is explicitly labeled as FSA eligible and check the manufacturer's details, or consult your FSA plan administrator for confirmation,' Alvarez says. Expert consultation Before investing in an FSA-approved foot massager, speak with your medical provider or podiatrist to confirm whether the device is right for you. 'As an important caution for diabetic patients, those with neuropathy or poor circulation should check with their podiatrist first,' says Nirenberg, adding that some massagers can be quite strong or get very warm, posing a risk of developing sores or infections. 'Over my 30-plus years in practice, I have seen some diabetic patients end up with serious infections and even amputations from heating or massage devices.' The following FAQs have been answered by podiatrist Gregory Alvarez. What are the different types of FSA-approved foot massagers? What are the different types of FSA-approved foot massagers? FSA-approved foot massagers typically fall into the following categories. Manual massagers, which are handheld or roller devices that provide customizable pressure. Electric massagers, which are powered devices with features like vibration, kneading and heat therapy for deeper relaxation and therapeutic benefits. Compression massagers, which use air pressure to improve circulation and reduce swelling, and is particularly beneficial for those with conditions like edema. Hydrotherapy massagers, which are foot spas that combine water jets and massage functions for added do I use FSA dollars on an FSA-approved foot massager? How do I use FSA dollars on an FSA-approved foot massager? To use FSA dollars, purchase a foot massager labeled as FSA eligible through a retailer that accepts FSA cards or provides an itemized receipt for reimbursement. Some massagers may require a letter of medical necessity (LMN) from your health care provider, so check with your FSA plan to confirm any additional documentation requirements. Are FSA-approved foot massagers similar in quality to regular foot massagers? Are FSA-approved foot massagers similar in quality to regular foot massagers? FSA-approved foot massagers are often the same quality as regular foot massagers. The key difference lies in their eligibility for FSA spending, which requires the device to meet specific health-related criteria. Many high-quality brands design products that qualify for FSA approval, ensuring you get both therapeutic benefits and value. For this article, we consulted the following experts to gain their professional insights. Dr. Gregory Alvarez, podiatrist at Ankle & Foot Centers of America Dr. Michael Nirenberg, clinical and forensic podiatrist at Friendly Footcare in Indiana CNN Underscored thoroughly tests all the products we cover and provides full transparency about how we test them. We have an experienced team of writers and editors who have many years of testing experience and ensure each article is carefully edited and products are properly vetted. Contributing editor Marissa Miller has 15 years of experience writing and reporting on all things health and well-being, and serves as a certified personal trainer with a specialization in orthopedic exercise. For this article, she consulted two board-certified podiatrists for their advice on selecting the best FSA-approved foot massagers. Explore trending products HigherDose Full-Spectrum Infrared Sauna Sunlighten mPulse Aspire Smart Tatdol Portable Home Steam Sauna Box Maxxus Lifesauna Aspen 2-Person Infrared
