At Skincare by Sydney, empowering your journey towards glowing skin and self-confidence includes helping you navigate the possibilities of using your Health Savings Account (HSA) or Flexible Spending Account (FSA) for your skincare investments. We're here to guide you in understanding how your skincare essentials might align with your HSA/FSA options, adding another layer of empowerment to your skincare journey.

Please note, while we are passionate about providing high-quality, medical-grade skincare products and personalized routines that cater to your unique needs, the intricacies of HSA/FSA eligibility for skincare products and services can be complex. The eligibility often hinges on whether the purchase is considered a medical necessity as opposed to a cosmetic choice.

Important Advisory: The insights we share about HSA/FSA are meant to guide you and should not be considered tax advice. We encourage you to consult with your HSA/FSA administrator, tax professional, or financial advisor to receive advice tailored to your individual circumstances and to ensure that your skincare investments align with the current IRS regulations and your account's specific guidelines.

Steps to reimbursement.

• Shop Eligible Items
• Save the receipt
• Submit it to your benefits provider for reimbursement

What are Flexible Spending Accounts (FSAs)?

FSAs are employer-provided benefit plans available in the United States. They enable eligible employees to allocate pretax earnings from their paychecks to a specialized account designated for covering qualified health-related expenses. It's important to note that most FSA dollars operate on a "Use It or Lose It" basis. This means that any unspent FSA funds typically expire at the end of your benefits period. However, specific plans may offer a grace period into the new plan year or allow a portion of contributions to roll over.

What are Health Savings Accounts (HSAs)?

HSAs, like FSAs, are offered by some U.S. employers. They allow eligible employees to set aside pretax dollars from their paychecks into a specialized account for qualified health-related expenses. Unlike FSAs, HSA funds do not expire at the end of the benefit period, making them more flexible.

What items are eligible for FSA and HSA reimbursement at SBS?

You can use your FSA or HSA at SBS for a wide range of over-the-counter healthcare products and treatments. This includes items like sunscreen with SPF 15+, acne treatments, acne prevention, and medicated skin treatments. Some other products may be eligible but require your doctor's letter of medical necessity. Always consult your benefits administrator for guidance on eligibility.

How do I pay for my FSA/HSA products at SBS?

We do not accept FSA and HSA debit cards as payment methods. To purchase products from SkincarebySydney.com, please use a personal credit card or debit card. After making your purchase, you can submit the receipt and any necessary documentation to your benefits provider for reimbursement. Please ensure you save the detailed email receipt sent to you after checkout.

Do you need a prescription to purchase FSA/HSA-eligible products?

No, you do not need a prescription to purchase products designated as FSA/HSA eligible. However, certain skincare products may require a letter of medical necessity for specific benefits plans. Verify with your benefits provider to ensure your purchase complies with their requirements.

What if I need to return an FSA-/HSA-eligible item?

If you've filed for reimbursement for an FSA-/HSA-eligible product and need to make a return, please collaborate with your benefits provider. They can guide you on any necessary actions in the event of a return.

Is non-medicated face wash eligible for HSA reimbursement?

Face wash is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA) as it is considered a cosmetic product. However, if a face wash contains medicated ingredients that are used to treat a medical condition such as acne, it would be considered eligible.

Additional Note:

Please be aware that the IRS maintains the list of approved FSA and HSA items and is subject to change at any time. Depending on our list of FSA-eligible items is not a substitute for reviewing your plan documentation. You are responsible for ensuring that your FSA or HSA funds are used for eligible expenses according to your plan. The information provided on SkinarebySydney.com is intended solely as an educational resource. It is sourced from publicly available materials and is presented here for consumer convenience. SBS does not guarantee the accuracy of this information. This content does not constitute professional advice on financial, tax, or legal matters and is provided "as is" without any representations or warranties, whether express or implied. If you have specific questions about your FSA, HSA, or qualified expenses, please consult with an appropriate professional.