What Baby Items are HSA/FSA Eligible?

Looking for HSA/FSA eligible baby items? Nanit’s smart baby tech has you covered. Read on to learn more about our top picks.

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By Mackenzie Sangster

What Nanit baby items are HSA/FSA eligible?

Car seats, strollers, bassinets, baby monitors, mountains of diapers… with parenthood comes a treasure trove of necessary (yet fleeting) baby gear and financial responsibility. As you prepare to welcome your bundle of joy, you may wonder how to budget for the endless lists of baby necessities.

Luckily, there are two solutions for families that need some financial aid—Health Savings Account (HSA) and Flexible Spending Accounts (FSA’s). Both HSAs and FSAs are government-regulated spending accounts for individuals buying healthcare essentials for themselves and their little ones, but what counts as “essential?” Do any of Nanit’s products fall under this umbrella?

In this guide, we'll take a closer look at the HSA/FSA eligible baby products offered by Nanit so that you can give your baby everything they deserve without breaking the bank.

What is a Health Savings Account (HSA)?

Think of an HSA as a personal savings account tailored specifically for medical expenses. Most importantly, an HSA is only available for those who are enrolled in a high-deductible health plan under the Federal Employees Health Benefits (FEHB) Program.

So, why create an HSA? With an HSA, you’re privy to unique financial powers, particularly in the tax realm. An HSA typically offers these benefits for medical purchases:

Triple tax advantage (pre-tax contributions, tax-free withdrawals, and tax-free investment earnings)
Rollover funds between tax years
Employer and employee contribution options
High-expense flexibility and contribution caps ($3,850 for self-only coverage and $7,750 for family coverage).

It’s important to note, however, that HSAs have limited fund availability. Since your funds will accumulate throughout the year via installed contributions, this means your total HSA yearly funds aren’t available right away.

What is a Flexible Spending Account (FSA)?

Now, let's meet the FSA, another fantastic tool to help you manage healthcare expenses. An FSA is a tax-advantaged savings account provided by your employer as part of your benefits plan. With their tax advantages, you can also save significant money when purchasing approved items.

What differentiates an FSA from an HSA? Typically, an FSA has more limitations on its use since it’s employer-controlled. An FSA also only has two tax advantages (pre-tax contributions, and tax-free withdrawals) since its funds cannot be invested.

Similarly, your FSA funds are limited by time and employment, meaning they dissolve if you don’t use them within the tax year or if you leave your job. One major advantage, however, is that your total yearly healthcare FSA funds are available at the beginning of the tax year, unlike an HSA. This means that come Jan. 1, you can use your entire yearly FSA contribution if needed.

What Nanit baby products are HSA eligible or FSA eligible?

If you’ve been wandering the digital aisles of the Nanit website, you may be wondering, which baby items are FSA eligible and which are HSA eligible?

To help you make the most of your baby gear budget, let’s identify some of the Nanit HSA/FSA eligible products:

Pro Camera products. Nanit's Pro Camera goes beyond traditional baby monitors, offering high-definition video and audio capabilities that connect you to your baby's world in astonishing clarity. Just be sure you know where to put the baby monitor for optimal viewing. Additionally, there are some accessories, such as the Wall Mount, Floor Stand, and Flex Stand that are also HSA/FSA eligible.
Insights sleep and wellness tracking. Nanit's Insights plans aren’t just about monitoring sleep—they help parents understand their child’s sleep, development, and wellness. These HSA/FSA eligible plans work with the Pro Camera and Nanit app to offer a look into your baby's sleep patterns, as well as tips to create healthy sleep routines.
Travel Case. Nanit's Travel Case ensures that no matter where you're headed, you can securely carry the benefits of Nanit's monitoring technology to maintain an ultra-smooth sleep routine.
Smart Sheets. These smart sheets provide not just a cozy resting place for your baby, but also seamless integration with your Nanit camera to measure and capture your baby’s growth.
Breathing Wear. With the ability to monitor your baby's breathing motion, Nanit’s Breathing Wear offers an additional layer of assurance during bedtime. All products work seamlessly with the Pro Camera and Insights plans and are HSA/FSA eligible, from the Breathing Band and Breathing Wear Pajamas to Breathing Wear Sleeping Bags and the Breathing Wear Swaddle.

Which Nanit baby products are not HSA/FSA eligible?

Learning your budget limitations is a crucial tool in parenthood. While it’s important to know which Nanit baby products are FSA eligible or HSA eligible, it’s equally important to know what’s not covered to plan ahead for future expenses.

While Nanit provides a high number of HSA/FSA eligible products, of our Sleep Wear offerings, only our Breathing Wear is covered by these accounts. Non-Breathing Wear Sleep Wear (PJs, sleep sacks, swaddles) isn’t considered a medical or wellness item. However, these cozy, high-quality garments are well worth fitting into your baby budget—after all, every little one needs comfy sleep wear, and ours is premium quality to fit as well as it can, as long as it can.

Similarly, certain accessories for HSA/FSA eligible items may be non-eligible. For example, replacement parts like the Wall Mount Elbow Connector are not HSA/FSA eligible, nor are the Sound + Light Machine nor partner products listed in Nanit’s marketplace.

Budget for the best in babycare with Nanit

If an HSA or FSA account is part of your family’s financial plan, Nanit is here to make your baby gear budget stretch. From the award-winning Pro Camera to portable accessories like the Travel Case, we’re committed to providing you with HSA/FSA eligible items so that you can protect your baby and gain peace of mind.

As you navigate the landscape of baby essentials, let Nanit help you feel empowered and prepared for any needs that arise. Explore our collection today to stock up on HSA/FSA eligible baby products for your family.

Key takeaways

Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) are valuable tools for managing healthcare expenses, and they can be used to budget for essential baby items.
Nanit offers several HSA and FSA-eligible baby products, including the Pro Camera and its accessories like the Wall Mount, Floor Stand, and Flex Stand; Insights sleep and wellness tracking plans; Travel Case; Smart Sheets; and Breathing Wear.
Some Nanit products, such as everyday Sleep Wear (excluding Breathing Wear), and certain accessories like the Wall Mount Elbow Connector and replacement parts may not be eligible for HSA or FSA coverage.

Sources:

Aetna. FSA, HSA & HRA: What's the difference? https://www.aetna.com/health-guide/hsa-vs-fsa.html

Fidelity. HSA vs FSA: Which is right for you? https://www.fidelity.com/learning-center/smart-money/hsa-vs-fsa

NIH. The Difference Between A Flexible Spending Account (FSA) And A Health Savings Account (HSA). https://hr.nih.gov/about/news/benefits/difference-between-flexible-spending-account-fsa-and-health-savings-account-hsa

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CONTRIBUTORS

Natalie Barnett, PhD serves as VP of Clinical Research at Nanit. Natalie initiated sleep research collaborations at Nanit and in her current role, Natalie oversees collaborations with researchers at hospitals and universities around the world who use the Nanit camera to better understand pediatric sleep and leads the internal sleep and development research programs at Nanit. Natalie holds a Ph.D. in Genetics from the University of New England in Australia and a Postgraduate Certificate in Pediatric Sleep Science from the University of Western Australia. Natalie was an Assistant Professor in the Neurogenetics Unit at NYU School of Medicine prior to joining Nanit. Natalie is also the voice of Nanit's science-backed, personalized sleep tips delivered to users throughout their baby's first few years.

Kristy Ojala is Nanit’s Digital Content Director. She spends way too much time looking at maps and weather forecasts and pictures of Devon Rex cats and no-cook dinners. A former sleep champion, she strives to share trustworthy somnabulism tips with other parents—praying for that one fine day when no tiny humans wake her up while it’s still dark out. Her kids highly recommend 3 books, approximately 600 stuffies, Chopin’s “Nocturnes,” and the Nanit Sound + Light for bedtime success.

Mackenzie Sangster is on the Brand and Community team at Nanit. She supports content development and editing for Nanit’s Parent Confidently blog as well as other marketing initiatives. Outside of work, she enjoys spending time with her friends, cooking, being active, and using the Pro + Flex Duo to keep an eye on her fur-baby, Poppy!