The short answer is YES. Almost all diabetes supplies and related medical products are eligible for FSA, however FSA coverage can vary from plan to plan. Ultimately your health plan determines eligibility.
It's a special account you put money into that you use to pay for certain out-of-pocket health care costs including diabetic supplies. You don’t pay taxes on this money. This means you’ll save an amount equal to the taxes you would have paid on the money you set aside.
FSA cards come in the form of a debit card (also commonly referred to as a Flexcard) that allows you to access the pretax money in your flexible spending account. You can use the debit card to pay for certain qualifying diabetic products and medical expenses.
FSA spendings are limited to a certain amount per year. You must use the money in an FSA account within the plan year. At the end of the year (or grace period if your plan allows), you lose any money left in your account.
Similar to FSA, It’s a type of savings account that lets you set aside pre-tax money to pay for qualified medical expenses. Unlike FSAs, health savings accounts are NOT restricted by end of the year deadlines and remaining funds from each year roll over the next.