FSAStore.com Reminds Consumers – It May Not Be Too Late to Use Your 2011 Flexible Spending Account Funds

March 15th Grace Period Deadline for Many 2011 Accounts is Approaching

NEW YORK, March 13, 2012 – FOR IMMEDIATE RELEASE - FSAStore.com, the only e-commerce site stocked exclusively with Flexible Spending Account (FSA) eligible products and services, is reminding the 30 million Americans covered by an FSA that they may have a grace period to use 2011 funds. March 15th is the 2011 grace period deadline. FSA holders can confirm their deadline and grace period eligibility with their FSA administrator.

In addition to thousands of eligible products from band-aids to vitamins and healthcare services from chiropractic care to smoking cessation, there are many ways to use FSA dollars before the March 15th deadline including:

“We are encouraging our valued customers with grace period deadlines to use their 2011 funds,” said Jeremy Miller, FSAStore.com founder and president. “In addition to thousands of FSA eligible and FSA eligible with a prescription products, FSA holders will benefit from FSAStore.com’s tools and services such as our eligibility checker which helps people to learn about products that are FSA eligible.”

FSAStore.com is the only e-commerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and isn't reimbursable by an FSA. In addition to more than four thousand FSA-eligible products the site offers a prescription service, a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+ and there is no need to submit receipts when using an FSA debit card.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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WageWorks teams up with FSAStore.com to give participants a simple and trouble-free way to purchase FSA-eligible items

San Mateo, CA -- WageWorks, Inc., a leading on-demand provider of tax-advantaged programs for consumer-directed health and other employee spending account benefits, has contracted with FSAStore.com to give its nearly 1.8 million users a simple and direct way to purchase Health Savings Account (HSA) and Flexible Spending Account (FSA)-eligible items.

“There are many places where our participants can purchase FSA-eligible products but FSAStore.com offers a level of convenience and simplicity not found anywhere else,” said Joe Jackson, CEO of WageWorks. “We are pleased to offer our participants a place where they can use their HSAs and their FSAs with confidence knowing that everything at FSAStore.com is FSA-eligible.”

The new relationship will give WageWorks’ participants direct access to FSAStore.com, and its hundreds of FSA-eligible items, through a customized shopping portal. It also will eliminate much of the paper and guesswork involved with participation in a pre-tax health benefit. Services like FSAStore.com simplify the shopping experience by making it easy for FSA participants to distinguish between what is eligible with or without a prescription. If an item does require a prescription, FSA participants must submit proper documentation prior to the sale, which will eliminate the after-transaction verification process.

“WageWorks’ leadership was quick to see the unique value of our service and was eager to offer it to their FSA and HSA accountholders,” said Jeremy Miller, FSAStore.com founder and president. “We are excited to partner with WageWorks, and to roll out new site enhancements that continue to make it simple and convenient for participants to use their FSA/HSA.”

The 2011 law that requires a prescription for the reimbursement of Over-the-Counter (OTC) drugs from a pre-tax benefits account makes the unique services offered by FSAStore.com even more valuable to participants. With its ability to obtain OTC prescriptions directly from participants’ physicians, FSAStore.com removes one of the most common barriers created by this new regulation and offers a simple and direct path to purchase.

About WageWorks

WageWorks, Inc. is a leading on-demand provider of tax-advantaged programs for consumer-directed health, commuter and other employee spending account benefits, or CDBs, in the United States. We administer and operate a broad array of CDBs, including spending account management programs such as health and dependent care Flexible Spending Accounts, or FSAs, Health Savings Accounts, or HSAs, Health Reimbursement Arrangements, or HRAs, and commuter benefits, such as transit and parking programs.

About FSAStore.com

FSAStore.com is the only e-commerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and isn't reimbursable by an FSA. In addition to more than four thousand FSA eligible products, the site offers a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+, and there is no need to submit receipts when using an FSA debit card at FSAStore.com.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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FSAStore.com Accepts and Processes Prescriptions for Over-the-Counter Products For Flexible Spending Account Holders

New Rx Functionality Eliminates Hassle from Prescription Requirement for FSA Reimbursement of Over-the-Counter Products

NEW YORK, Oct. 19, 2011 - FSAStore.com, the only ecommerce site stocked exclusively with flexible spending account (FSA) eligible products and services, today launched site enhancements that will make it simple for the approximate 35 million consumers with an FSA to use those funds to purchase over-the-counter (OTC) drugs and medicines, which now require a prescription in order to be reimbursed by an FSA.

Due to recent IRS regulation, consumers must now submit a prescription for over-the-counter drugs and medicines in order to be reimbursed by an FSA. While tens of thousands of products remain FSA eligible without a prescription, FSAStore.com sales of OTC products that now require a prescription in order to be eligible for reimbursement have declined from 67% to 3% since the prescription requirement went into effect earlier this year.

Currently, when a consumer purchases an OTC product that requires a prescription, they must mail in a copy of the prescription and then wait for approval and processing before receiving reimbursement from their FSA. FSAStore.com’s Rx functionality satisfies the prescription requirement at the point of purchase with three customer options:

“The recent eligibility changes attempt to make it inconvenient for consumers to use their tax-free dollars to purchase a variety of products from cold and allergy medicine to pain relief,” said Jeremy Miller, FSAStore.com founder and president. “FSAStore.com was founded on the principle that it should be simple and convenient to use an FSA and we continue that commitment with these site enhancements.”

“We chose to partner with FSAStore.com because the site offers a level of convenience and simplicity not found anywhere else,” said Joe Jackson, CEO of WageWorks. “At FSAStore.com our participants can shop with confidence since everything on the site is FSA eligible and the prescription process is seamless.”

FSAStore.com is the only ecommerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and is not reimbursable by an FSA. In addition to more than four thousand FSA eligible products the site offers a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+. There is no need to submit receipts when using an FSA debit card at FSAStore.com.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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FSAStore.com Adds OutsourceOne to Its Third Party Administrator Network Increasing Direct Reach to Consumers with Flexible Spending Accounts

NEW YORK, Sep 06, 2011 – FSAStore.com, the only e-commerce site stocked exclusively with flexible spending account eligible products and services, today announced its partnership with OutsourceOne, a full service benefits administration company with advanced, proprietary, web- based solutions. OutsourceOne manages FSA/HRA’s for approximately 100,000 participants.

FSAStore.com is focused on developing its TPA network to reach the approximate 35 million consumers covered by FSA’s directly. The Company’s commitment to simplicity and convenience for FSA holders extends to its TPA partners. FSAStore.com provides turnkey, customized promotional materials to launch the site’s products and services to TPA participants and provides ongoing technical and creative support.

“FSAStore.com brings a truly unique solution to the marketplace and to FSA participants. We partnered with them to give our participants an easy way to buy only FSA eligible items with confidence and convenience,” said Tyler McIntosh, vice president of sales for OutsourceOne. “In addition to offering a great online buying experience, FSAStore.com also provides excellent educational resources about eligible services and products, and local providers.”

About FSAStore.com

FSAStore.com is the only e-commerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and isn't reimbursable by an FSA. In addition to more than four thousand FSA-eligible products the site offers a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+ and there is no need to submit receipts when using an FSA debit card.

About OutsourceOne

OutsourceOne, Inc. (OS1) is a rapidly growing, full-service benefits administration company offering proprietary web-based solutions. Services include Online Enrollment, EDI file feeds, Carrier Billing & Reconciliation, COBRA Administration, FSA & HRA Administration with Debit Cards, Benefits Call Center, and Business Process Outsourcing (BPO). Located in Minneapolis, MN, OS1 has served hundreds of clients across the country since it started in 1988. For more information about OutsourceOne, please call 888-468-8268 or visit www.outsourceone.com.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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FSAStore.com Adds Pierce Group Benefits to Its Third Party Administrator Network Increasing Direct Reach to Consumers with FSA/HSA Accounts

NEW YORK, July 13, 2011 – FSAStore.com, the only e-commerce site stocked exclusively with flexible spending account eligible products and services, today announced its partnership with Pierce Group Benefits, a provider of employee benefit packages including flexible spending accounts for approximately 130,000 participants.

FSAStore.com is focused on developing its TPA network to quickly increase its reach to the approximate 35 million consumers covered by FSA/HSAs. In addition to providing TPA participants with a simple and convenient way to use their FSA/HSA, the Company offers customized, co-branded, turn-key marketing programs and a revenue share to its TPA partners.

“Even in this tough economic environment consumers forfeit their tax-free income to their employers, we believe, because the process for using FSA/HSAs to purchase healthcare products and services is inconvenient,” said Jeremy Miller, FSAStore.com founder and president. “FSAStore.com makes the process simple and we are thrilled to offer our services to our newest partners participants.”

“Keeping the FSA process simple and convenient for our participants is one of our top priorities,” said Donald Pierce, president of Pierce Group Benefits. “FSAStore.com offers clear benefits in terms of convenience and ease of use and their seamless customized promotional programs ensure that these services are brought directly to our participants.”

About FSAStore.com
FSAStore.com is the only e-commerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and isn't reimbursable by an FSA. In addition to more than four thousand FSA-eligible products the site offers a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+ and there is no need to submit receipts when using an FSA debit card.

About Pierce Group Benefits
Pierce Group Benefits is an insurance brokerage company that builds comprehensive benefits packages for public and private sector employers in North Carolina. By leveraging our alliances with insurance providers that are known for their strong benefit structures and unparalleled services, we give employees better benefits at competitive, affordable prices while creating time and cost savings and ease of benefits administration for employers. Pierce Group Benefits serves numerous North Carolina accounts including public school systems, community colleges, private colleges and universities, hospitals, and government entities and services more than 130,000 participating employees. For more information about Pierce Group Benefits, please call 1-888-662-7500 or visit www.piercegroupbenefits.com.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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FSAStore.com Closes Series A Financing

NEW YORK, May 23, 2011 – FSAStore.com, the only one-stop shop stocked exclusively with Flexible Spending Account eligible products and services, today announced it has closed $800K in Series A financing. The round was led by Point Judith Capital with the Columbia Business School Lang Fund, Opal Moon, LLC and other angels participating.

The funds will be used to roll-out sales and marketing initiatives to further FSAStore.com's founding principle which is to make it simple and convenient for the 35 million Americans covered by a flexible spending account to use their tax-free, use-it-or-lose-it dollars. In addition to site enhancements, the funding will support sales initiatives designed to develop the company's fast growing Third Party Administrator (TPA) partnership programs.

“We are thrilled to have Point Judith Capital as our new venture capital partner and look forward to rolling out initiatives that will further our success,” said Jeremy Miller, FSAStore.com founder and president.

“FSAStore.com fulfills an unmet need in the healthcare industry,” said David Martirano, General Partner at Point Judith Capital. “This coupled with its TPA network which provides direct marketing access to virtually all FSA-covered consumers makes FSAStore.com a winning proposition.”

About FSAStore.com

FSAStore.com is the only one-stop-ecommerce site exclusively stocked with FSA eligible products and services so there are no guessing games about what is and isn't reimbursable by an FSA. In addition to more than four thousand FSA-eligible products the site offers a national provider database of FSA eligible services and an FSA Learning Center. FSAStore.com accepts all FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+ and there is no need to submit receipts when using an FSA debit card.

About Point Judith Capital

Point Judith Capital (PJC) is a leading, next-generation, early stage venture capital firm based in Providence, Rhode Island. The firm focuses on three rapidly growing sectors that are rich with innovation: Clean Technology, Internet Technology, and Healthcare Technology. Building positive and collaborative relationships with portfolio company management, the Point Judith Capital Partners take a hands-on approach to investing. PJC’s investment approach is based on the core belief that with the right capital and support, great entrepreneurs can build market-leading companies. For more information about Point Judith Capital visit www.pointjudithcapital.com.

Contact: Maria Tenaglia, 888-372-1450 Ext 4, maria@fsastore.com

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An Easy Way to Use Your FSA -- FSAStore.com

Keeping It Simple Despite Recent Over-the-Counter Eligibility Changes

NEW YORK, Apr 11, 2011 - FSAStore.com, the only one-stop shop stocked exclusively with FSA eligible products and services, just made it even easier for the 35 million Americans covered by Flexible Spending Accounts (FSAs) to use their tax-free dollars. A series of site enhancements launched today will alleviate some of the hassle around the eligibility changes effective this year.

The eligibility changes require consumers to obtain a physician's prescription for many over-the-counter products in order to be reimbursed by their FSA. While there is already quite a bit of backlash against this new requirement including The Patient's Freedom To Choose Act, a bill that if passed would repeal this healthcare hurdle, FSAStore.com is focused on continuing to make it easy and convenient for customers to use their FSAs.

Site enhancements include distinguishing between over-the-counter products that now require a prescription and those that do not, division of those products at check-out, and an enhanced FSA eligible service provider database that allows customers to easily find hundreds of FSA eligible services near their homes, from acupuncture and smoking cessation programs to optometrists and dentists.

"People are always surprised at the types of products and services you can buy with an FSA -- bandaids, for example, are fully FSA eligible," said Jeremy Miller, FSAStore.com founder and president. "When you walk into a drugstore it is impossible to figure out what is and what isn't eligible with your FSA. At FSAStore.com customers shop with confidence because the entire site is FSA eligible or FSA eligible with prescription."

FSAStore.com is stocked exclusively with FSA eligible products and services, accepts all FSA debit cards and major credit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping for orders $50+ and there is no need to submit receipts when using an FSA debit card on FSA eligible purchases. The site offers a 2011 FSA eligible product list and a database of those products that require a prescription: FSA-Eligible-Products-requiring-OTCprescription-in-2011 as well as an eligibility checker

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FSAStore.com Reminds Consumers: March 15th Grace Period Deadline Approaching; Use Your Flexible Spending Account Dollars Now

Approximately $400 Million in Unused Funds May Be Forfeited

NEW YORK, Feb 22, 2011 - FSAStore.com, the only one-stop shop stocked exclusively with flexible spending accounts eligible products and services,is reminding consumers to use their flexible spending account funds for FSA eligible items before the March 15th deadline for 2010 dollars. This grace period is available to many FSA account holders.

FSAStore.com projects consumers may forfeit as much as $400M this year as the March 15thdeadline to use-or-lose FSA funds approaches. Approximately 30 million consumers participate in FSAs, which allow them to pay for tens of thousands of healthcare products and services with tax-free dollars.

"Millions of dollars are wasted each year simply because consumers do not deplete the funds in their FSAs," said Jeremy Miller, FSAStore.com founder and president. "We are reminding our customers of this deadline, and encouraging them to use any remaining funds in their accounts to purchase FSA eligible products and services, to avoid forfeiting their hard-earned tax-free dollars."

Due to healthcare legislation effective January 2011, forty-five percent of over-the-counter healthcare products require a prescription in order to be reimbursed by an FSA. FSAStore.com clarifies the new healthcare changes on its site by distinguishing FSA eligible and FSA eligible with prescription products. FSAStore.com also provides easy tools for its customers, including the updated FSA eligible product list.

FSAStore.com is stocked exclusively with FSA eligible products and services, accepts all FSA debit cards and major credit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping for orders $50+ and there is no need to submit receipts when using an FSA debit card.

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FSAStore.com Prepares Customers for Over-the-Counter Product Eligibility Changes to Flexible Spending Accounts in 2011

Nearly 30,000 Products Remain FSA Eligible without a Prescription in 2011

NEW YORK, Dec 20, 2010 - FSAStore.com, the only one-stop shop stocked exclusively with flexible spending account eligible products and services, is preparing customers for 2011 eligibility changes. More than 35 million consumers have flexible spending accounts, which allow them to pay for thousands of healthcare products and medical services with tax-free dollars.

The upcoming changes in eligibility will require consumers to obtain a prescription for some FSA eligible over-the-counter products in order to be reimbursed through their FSA. Despite this fact, 28,370 products will remain FSA eligible without a prescription according to the recently released SIGIS Eligible Product List. The deadline for retailers to implement the new list into their POS systems is January 15, 2011.

FSAStore.com was founded on the idea of making it easy and convenient for consumers to use their FSAs. The company continues this commitment by offering only FSA eligible products in 2011 and providing tools and services for its customers such as an easy to read version of the final FSA eligible product list at:FSA-Eligible-Products-requiring-OTCprescription-in-2011 as well as an eligibility checker

"FSAStore.com is the only place, online or brick and mortar, that exclusively sells FSA eligible products," said Jeremy Miller, founder and president of FSAStore.com. "We make the 2011 approved product list easy to understand and to shop from, as opposed to a store where a consumer has to guess which of the nearly 30,000 products can be reimbursed without a prescription."

FSAStore.com has been encouraging account holders to check their balances and spend remaining funds as hundreds of millions of dollars are left unspent each year in these use-it-or-lose-it accounts. FSAStore.com not only makes it easy for the FSA account holder to understand what products they can purchase, but also has a database of 300,000 doctors that are in FSA eligible medical services.

FSAStore.com is stocked exclusively with FSA eligible products and services, accepts all FSA debit cards and major credit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping for orders $50+ and there is no need to submit receipts when using an FSA debit card.

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FSAStore.com Offers a One-Stop Shop for Flexible Spending Accounts

Thousands of FSA-Approved Products Plus a Directory of FSA-Approved Healthcare Services; No Receipts, No Reimbursement, No Hassle

NEW YORK, Nov 20, 2011 - FSAStore.com today announced the launch of its site FSAStore.com, a one-stop shop stocked exclusively with Flexible Spending Account-approved products, making it one of the largest and most convenient web destinations for Flexible Spending Accounts (FSAs).

"This year more than four hundred million dollars* will be left in Flexible Spending Accounts nationwide," said Jeremy Miller, FSAStore.com founder and president. "We believe such massive waste in these difficult economic times is due to the fact that consumers do not have a simple solution to purchase healthcare products and services with their hard-earned tax-free dollars. FSAStore.com provides that solution."

FSAStore.com accepts all FSA debit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping for orders of $50 or more and there is no need to submit receipts when using your FSA debit card.

"I had no idea how many ways I could spend my Flexible Spending Account funds," said Cristine R., an FSAStore.com customer. "When I shop in a retail store it is impossible to know what is FSA eligible. I've usedFSAStore.com several times and I am so impressed by how many products there are and how easy it is to use my tax-free dollars without the hassle of submitting receipts."

FSAStore.com's partnerships with FSA administrators connect the company to the approximately thirty-three million consumers with FSAs.** To dateFSAStore.com reaches hundreds of thousands of families with FSAs through these partnerships.

"We are very pleased with our FSAstore.com partnership," said Pam Mallory of Tri-Star Systems, a nationwide Employee Benefit Plan Administrator. "It's important to us to provide each FSA and HRA participant a timely and convenient resource for spending their tax-free dollars.

FSAStore.com is the one-stop shopping source for all things FSA offering thousands of FSA eligible products and services on the web. In fact,FSAStore.com is exclusively stocked with FSA eligible products. Our competitive pricing and quick turnaround coupled with a website you can trust makes us the source for Flexible Spending Account information and shopping.

*Mercer Consulting, 2009

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