Approximately thirty-five million Americans are covered by a flexible spending account (FSA).* FSAs are employer-based programs that allow consumers to set aside tax-free dollars to purchase medical products and services – from bandaids to smoking cessation programs and tens of thousands of products and services in between.
FSAStore.com is the only one-stop-shop stocked exclusively with FSA-eligible products and services so there are no guessing games as to what is and isn't reimbursable which is what consumers face every time they walk into a drugstore. 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+.
The company was founded on the idea that it should be easy and convenient for a consumer to use their FSA and recently launched site enhancements that will enable it to continue to do just that even in the face of recent eligibility changes which require consumers to obtain a physician's prescription for many products in order to be reimbursed by their FSA.
FSAstore.com founded by Jeremy Miller
Growth rate over 5 years
TPA Partners and growing
Based on industry data, FSAStore.com estimates that more than $400M was forfeited back to employers in 2010 simply because consumers do not deplete the funds in their accounts. FSAStore.com is committed to continuing to make it simple and convenient for its customers to use their FSA, and offers three main services:
From band aids and diaper cream to vitamins and breast pumps, FSAstore.com is stocked exclusively with more than four thousand FSA-eligible and FSA-eligible with a prescription products. Since the site only offers FSA-eligible products there are no guessing games about what is and what is not reimbursable which is what consumers face every time they walk into a drugstore. FSAstore.com accepts all FSA-debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping on orders $50+ and there is no need to submit a receipt when using an FSA debit card. Recent site enhancements continue to keep it simple for customers to use their FSA and include distinguishing between products that are FSA-eligible and FSA-eligible with a prescription and division of those products at check out.
Did you know that acupuncture was covered by an FSA? How about smoking cessation programs or the dermatologist? Want to find an FSA-eligible service near your home or office? FSAstore.com offers a national provider database with thousands of FSA-eligible services to choose from.
FSA Learning Center
Can I pay for over-the-counter medicines with my FSA? How much money can I spend out of an FSA? Can I use my FSA to pay for out of pocket costs? Got questions about your FSA? We have the answers. For answers to these and many, many more, go to the FSAstore.com Learning Center to be informed and know the facts.
* Employers Council on Flexible Compensation