ELI5: Explain Like I'm 5

FSA Eligibility List

Okay kiddo, have you ever heard of something called a Flexible Spending Account or FSA? It's basically a special kind of savings account that lets grown-ups put aside money from their paychecks to use for certain kinds of medical expenses.

Now, we've got this thing called an FSA Eligibility List, which is a big list of all the different types of things that someone with an FSA can use their money on. Think of it like a grocery list, but instead of food, it's a list of medical expenses that an FSA can cover.

Some things on the list are pretty easy to understand, like doctor's visits, prescription medications, and things like band-aids and cough drops. But there are also some more complicated things on the list, like medical equipment that you might need to help you breathe or walk, or special healthcare services like physical therapy or counseling.

The FSA Eligibility List can be really helpful because it tells people with FSAs what kinds of things they can spend their money on, and what kinds of things they can't. This can help them plan ahead and make sure they have enough money saved up to pay for the things they need.

Does that make sense, kiddo?