Now the 12/31 FSA deadline has passed, we have a bit of breathing room here at FSAstore.com before we ramp up for the next big deadline, the FSA Grace Period, coming on March 15! But, before we get to that, let's read about the employee benefit trends that may affect you in 2018.
Whether you're a manager or an entry-level employee, knowing what's out there in terms of employee benefits and health coverage can help you make more informed choices in the future and get the maximum bang for your buck. Here's what to look out for in 2018.
20 Companies with the Best Benefits - Nick Otto, Employee Benefit News
Looking for a new job in 2018? You may want to look at these companies first. Employee Benefit News used data from Glassdoor Economic Research to build a list of American companies that go above and beyond for their employees in terms of health/dental/vision insurance, vacation/paid time off, retirement planning, and maternity/paternity leave.
On-Trend: 9 Voluntary Benefit Trends for 2018 - Nick Park, BenefitsPro
Today, health coverage, PTO and retirement planning are common employee benefits. It's voluntary benefits options that have become key for attracting new talent. BenefitsPro compiled a list of the most popular trends to expect in 2018, including student loan assistance, identity theft protection, personal financial planning, and more.
The 15 Biggest HR Challenges of 2018 - Nick Otto, Employee Benefit News
On the other side of the benefits discussion are the concerns faced by HR professionals, who directly communicate changes and updates to workers. Many of these HR trends reflect today's evolving workplace, including placing an emphasis on diversity and inclusion, curbing workplace harassment, and other relevant issues.
If you are like many people with FSAs, the end of the year deadline can bring with it a mad rush to spend your leftover funds, so you don't lose them. This tax-free money is a great way to cover qualified health-related spending, while enjoying savings on taxable income. But waiting to spend right before the deadline might just lead to losing the funds if you're not careful.
For 2018, use these simple tips to plan ahead with your FSAs. As you'll learn, they don't have to be a year-end burden -- in fact, they're opportunities to save on the products you need, with the tax-free money you've already set aside year-round.
Make a spending plan your New Year's resolution
If you head into a new tax and employment year understanding what your paycheck contributions will be for your FSA account, you already have a key piece of planning in place for knowing how much you have available to spend in any given month.
The FSA contribution limit in 2018 will be $2,650, which comes out to about $221 per month.
If your medical expenses are straightforward, here are two easy rules of thumb for choosing an FSA amount:
- If your out-of-pocket medical bills typically amount to $221 a month or more — or roughly $2,650 a year — consider contributing the maximum to your FSA.
- If you don't contribute the maximum, consider adding $200-300 per month.
- If your medical expenses are lower, calculating the total of your estimated copayments, dental and vision expenses for next year should cover your needs.
And you probably don't want to try and zero-out your FSA funds on a monthly basis so your account does have some money available for unexpected expenses. Like when your entire extended family catches a seasonal flu … at the same time … and requires a huge amount of over-the-counter decongestants.
What you can do is take stock of FSA-eligible items you know you purchase regularly from basic medicine cabinet restocking or maybe just a replacement of reading glasses that get lost like clockwork.
The goal with a spending plan is to prepare regular purchases in advance on a regular basis – maybe monthly, maybe every other month or even just quarterly – which figure into your regular FSA fund contribution levels, while leaving some room for unexpected emergencies.
Avoiding the end-of-year crunch
This way you will be consistently spending that money that has the yearly use-it-or-lose-it deadline on items you know you'll be needing throughout the year anyway. Doing so will avoid a total crunch at the end of next year and will keep your contributions going toward FSA-eligible products.
Anyone making that end-of-year mass purchase right now is probably thinking back on the number of items that were bought out of pocket that could have been purchased using FSA funds with a little more planning.
In fact, if you're scrambling to spend this year's FSA contributions before the deadline hits, once that task is complete take a few more minutes and put together a spending plan for next year.
You've already put thought into what you regularly need and done the research on different products that are FSA-eligible. There are probably a few in the mix you didn't even realize qualified for FSA spending. Check out our eligibility list for a complete listing of FSA-eligible products and services.
It's your money. Use it to ensure continued health and wellness for 2018 and beyond.
If you have an end-of year FSA deadline, what are you still doing here? You only have two days to shop with your available funds before you lose them!
This is a particularly busy time of year for personal finance journalists, as well. This week, we were lucky enough to be mentioned in a series of pieces regarding this all-important FSA deadline. (And we even contributed our own views to a few publications as well.)
So as we close out 2017, let's recap some of our best media hits from the past week -- all of which can help you gear up and spend down, just in time for the 12/31 deadline.
Employee Benefit News - "What to tell workers about FSAs before the end of the year" - Jeremy Miller
Our CEO and founder, Jeremy Miller, was published in Employee Benefit News this week with tips for HR and benefits professionals. FSAs are often plagued by confusion among employers, and Jeremy outlined some simple strategies that can make a real difference around FSA deadlines to help employees get every financial benefit from their accounts.
CBS News - "Don't let your flexible spending account money vanish" - Ray Martin
We think our website's Eligibility List is the best in the business, and we're thrilled that CBS News agrees! After you've read this great rundown of end-of-year flex spending tips, follow the link to our Eligibility List to check out the eligibility status of thousands of medical products and services.
Consumer Reports - "It's time to spend your flexible spending account money" - Donna Rosato
We received another mention in an article by Consumer Reports, which you might know as one of the most popular consumer advocate publications in the U.S. In addition to important information about the deadline, the article also covers the primary differences between FSAs and HSAs, helpful links to IRS documents, and a link to our home page!
Happy New Year from all of us at FSAstore.com and HSAstore.com! For the latest info about your health and financial wellness, be sure to follow our Learning Center, Facebook, Instagram and Twitter pages.
The holidays are a time for giving, and for many people part of that giving spirit is contributing to a charity (or charities) of choice. And that's awesome.
But one place where you want to avoid being "too giving" is with your FSA account. Not only can't you use FSA funds to gift products or services to others (your FSA can only be used on you or your qualifying dependents), but your unspent FSA money doesn't go to a deserving charity -- it's used for an entirely different purpose.
What happens if you don't spend FSA funds?
Unlike HSAs, FSA funds don't rollover from year-to-year and are instead subject to what is typically called the "use it or lose it" rule.
That money doesn't just disappear. Whatever funds are unused go back to your employer. Now, to be fair, employers don't necessarily want the money back - the IRS requires they get it back. In these situations, it's used to balance losses that happen when employees overspend their accounts and then leave a company. This money helps the company offset the loss.
It's certainly a good use of money for the company, but there are no direct benefits to you. Ask yourself this: Would you donate your paycheck for your company's other financial gaps? Unless the answer is "yes" it's time to start putting your FSA money toward better things.
What to do? Get to spending!
If your plan has a December 31 spending deadline, guess what? That's just weeks away, so take a look at your FSA account. If you have funds remaining, FSAStore.com has ways you can make sure you're not losing out on the opportunity to spend wisely.
If you're not sure where to start to zero out that FSA account before the deadline, here are a few out-of-the-box ideas:
- If you use any medical devices with replaceable parts, make sure you have all your required supplies. For example, blood glucose test strips or breast milk storage pouches.
- Why not get a spare pair of reading glasses?
- Need some help with family planning? Fertility testing kits and condoms are both FSA-eligible.
The key takeaway is to remember that FSA funds are yours -- and there are a ton of uses you might not have even considered. If you are at risk of losing your FSA funds by December 31, browse through our growing list of more than 4,000 eligible items for your health and wellness.
In the end, make sure that zero balance in your account at the end of the year is because you spent every penny you contributed, and not because you missed out on a fantastic opportunity.
As you might know, the end-of-year FSA deadline is fast approaching! While your plan may offer a 2.5 month grace period or a $500 rollover into next year's plan, many account holders will have to spend down their FSA dollars before December 31.
If you have FSA dollars remaining and want to use them before the deadline, our exciting bundles can help you get a broad range of products you need, conveniently packaged and priced.
Here are our customers' favorite bundles:
Not sure what you'll need in terms of FSA eligible products for the coming months? Want a variety of items for the whole family? The Family Essentials Bundle covers everyone in the family. This bundle has first aid kits, various hot and cold pain relief packs, thermometers and more.
Tackle cold and flu symptoms
Cold and flu season is here. Chances are you or a loved one may come down with a cold this winter. The Winter Relief Bundle has everything you need to clear nasal congestion, which includes a Neti pot, saline spray, nasal gel and a steam inhaler. This is also a great bundle for allergy sufferers.
Winter sun care and year-round sun care
Are you planning a getaway to a tropical location in the winter or spring? Your FSA covers a huge range of qualifying sunscreens and sun protection products, so use this opportunity to update your sun care regimen.
If you prefer a mineral sunscreen option instead of regular sunscreen, the MDSolarSciences Bundle is a great option. These sunscreens are great for everyday wear, and keep you protected from harmful UVA/UVB rays.
Likewise, the Neutrogena Sunscreen Bundle includes sunscreens varying from SPF 30-75, sprays, dry touch/wet skin application options, and more.
If you're traveling this winter or gearing up for warmer weather travel soon, the compact travel sunscreen bundle is great for the road. The bundle has a variety of sunscreens in convenient travel sizes.
Keep your eyes healthy
If you wear contact lenses or glasses, there is a steady stream of accessories and products needed to maintain your vision correction methods, so why not prepare for the year ahead all at once?
The Eye Care Bundle contains everything you need to support you and your family's eye health, including eyeglass wipes/cleaning cloths, contact lens solution, re-wetting drops, lens cases, and even a hot/cold eye therapy mask!
Take care of baby
Got a little one on the way? There are plenty of preparations to make before you become new parents, but safeguarding your baby's health should be your top priority. Our Baby Care Bundle can help new moms and dads tackle the most common health issues of newborns and toddlers, which includes a nasal aspirator/filters, digital pacifier thermometer, baby sunblock and other essentials.
For those looking for something more advanced, The Hi-Tech Baby Bundle comes with a CliniCloud Connected Medical Kit (thermometer and stethoscope in one), a baby movement monitor, and all the items you need to stay on top of your baby's well-being.
Get pain relief for your entire body
The Pain Relief Bundle alleviates aches and pains, whether it's headaches, migraines, neck pain or more. This bundle contains a variety of heat wraps/cold packs, a hot/cold therapy eye mask, kinesiology tape, and cooling soft gel sheets.
And of course, you can track your ongoing health needs using our Hi-Tech Health Bundle syncs up to your smartphone with a smartphone-compatible thermometer, blood pressure monitor and TENS unit.
Got the 12/31 FSA deadline? For many FSA users, it is their last chance to spend FSA funds before remaining funds are forfeited.
Do you have a 12/31 FSA deadline? December 31 will be here before you know it, which for many FSA users is their last chance to spend FSA funds before remaining funds are forfeited. While employers do have the option of offering a 2.5 month grace period or allow employees to roll over up to $500 after this date, the end of 2016 is crunch time for FSA holders!
Don't lose a cent of your hard-earned cash! If you're looking for ways to spend down your allocations, break out your FSA card and shop for thousands ofFSA eligible products at FSAstore.com!
Here are a few of our favorites for the upcoming 12/31 FSA deadline:
Saline Nose Wipes
Cold & flu season is here. Instead of going through boxes upon boxes of tissues that can irritate the skin around your nose, opt for soothing saline nasal wipes to relieve your worst congestion symptoms.
You can never have enough bandages around the house when mishaps large and small take place. As long as they are in a cool, dry place, bandages have a nearly unlimited shelf life, so now is the perfect time to re-up!
First Aid Kits
Is your home's first aid kit up to par? Or, do you have one in your car, boat or RV for emergency situations? Your FSA can cover a huge range of qualifying first aid kits to give you confidence in any dicey situation.
Blood pressure monitor
FSAs cover a wide range of diagnostic products, but those who have been diagnosed with hypertension or have a history of heart disease should consider a blood pressure monitor. Many of these products are smartphone-compatible, and they can provide a long-term picture of one's blood pressure numbers to improve the patient's overall treatment.
Whether you're still using traditional glass thermometers or another device is at the end of its lifespan, your FSA can cover a worthy replacement! Pick the perfect thermometer to suit you or a loved one's needs that measures temperature through the ear, mouth, forehead and other areas quickly and accurately.
Check Out: Mabis Instant Ear Thermometer
While the December 31 deadline may not have you thinking about fun in the sun, the sun's rays are still potent during outdoor activities in winter. Also, if you have a vacation on the horizon, this is the perfect time to pick up what you'll need to provide optimal sun care for you and your loved ones.
Check Out: La Roche Posay Sun Care
Stay on top of your eye care regimen with an FSA. Ifyou wear reading or prescription eyeglasses, shop awide range of FSA eligible eyeglass accessories. Keep your lenses clear and enhance your eyewear lifespan with lens cleaning wipes.
Don't hurt your inner ears with cotton swabs ever again! An ear unclogger is the safest method to clear the Eustachian tubes through the body's own natural mechanism for clearing ears.
Check Out: Eustachi Ear Unclogger
Flexible elastic bandages are extremely helpful in the event of muscle/joint sprains. They can also help stabilize an affected area to promote the healing process.
Check Out: ACE 3" Self-Adhering Elastic Bandage
These FSA eligible items come in a wide range of colors and styles to suit any lifestyle.
Need even more shopping inspiration? Browse our 2016 End of Year Popular Product Guide!
Have a December 31 FSA plan year deadline? Spend FSA dollars with these popular items from different categories at FSAstore.com.
Still have a few leftover FSA dollars to spend? Not to worry! You have a little bit more time, but if you need some inspiration, below is a list of some new and popular categories with FSA eligible products to help you.
Spend FSA dollars before December 31:
Dermatological. Browse our new dermatologist-recommended sun care products from popular brands including La Roche Posay and Vichy. Looking for mineral sunscreen? Learn more and shop for MDSolarSciences. An FSA covers sunscreen with an SPF of 15+. Shop for Dermatological Sunscreen at FSAstore.com.
Goodies. If you have some remaining FSA money, but aren't quite sure what to get, our Goodies category is full of popular items that many people may not have realized are covered by an FSA. Some items in this category include pain relief hot/cold therapy packs, KT Tape athletic treatment, first aid kits, and more.
Shop for Goodies at FSAstore.com
Travel. Planning on travel early in the new year? Or, maybe you have plans for in the spring? No matter when you plan to travel, your FSA can come in handy for you for items including sunscreen, first-aid kits including from Adventure Medical Kits for the road, acupressure wristbands from Psi Bands, orthopedic neck supports, and more.
Shop for Travel Essentials at FSAstore.com
Contact Lenses. Did you know your FSA can cover different eye care items? You can use an FSA for visits to the opthalmologist or to get an annual eye exam, or to get prescription eyeglasses, but also for contact lenses and contact lens care.
Shop for Contact Lenses with your FSA
Hi-Tech Health products. Looking for healthcare items that connect with a smartphone to track your vitals? Our Hi-Tech Health category has just that with blood pressure monitors including from Qardio (that connect to your smartphone), thermometers from Kinsa and more. You can alsobuy Icy HotTENS therapy units for pain relief, and drug-free acne treatment through laser therapy from reVive.
Shop from our Hi-Tech Health category
Not sure when your FSA deadline is? Contact your HR department or your FSA administrator, or consult your Summary Plan Description for more details about your FSA plan.
Have a year-end FSA deadline? Get spending tips from FSAstore.com CEO's and learn more about your FSA!
By Jeremy Miller, CEO & Founder of FSAstore.com and HSAstore.com
Open enrollment is a done deal for many companies, but employees – especially those who are facing a year-end flexible spending account deadline – still need support and direction from human resources and benefits professionals.
Recent surveys have shown that consumers still don't fully understand how their spending accounts work and, more importantly, that they look to their employers as a source of education and information about how to use their accounts. You can improve employee education, engagement and satisfaction with your company's FSA by reminding employees of these key spending account tips and reminders.
1. When is the deadline to submit expenses?
For many employers, December 31 is the deadline for employees to spend down FSA funds – or risk forfeiting unused dollars. This is commonly known as the “Use-it-or-lose-it" rule.
2. Is there an extension for spending FSA dollars?
Be sure to communicate clearly (and often) if your company offers one of the following plan features that give employees extra time to spend down their FSA or submit expenses for reimbursement:
- Carryover or Rollover Option: This allows employees to carry over up to $500 of unused FSA dollars to the next plan year. This amount is added to their balance for the next year.
- Grace Period: A grace period gives employees two-and-a-half months beyond December 31 (until March 15) to incur expenses and spend unused FSA dollars.
- Run-Out Period: A run-out period gives employees additional time (usually 90 days) beyond the end of the plan year to submit reimbursement requests for eligible expenses, but only if those expenses were incurred during the plan year.
Employers can offer the carryover option or a grace period, but not both. Your company is not required to offer either of these options, but if your plan includes an extended deadline, that means employees have more time and flexibility to use their accounts, so be sure they understand this benefit.
As the FSA deadline approaches on June 30th for spending the money in your Flexible Spending Account, FSAstore.com offers a convenient and simple solution.
Do you have an FSA plan year deadline on June 30th?
With the June 30th deadline for spending the money in your Flexible Spending Account fast approaching, FSA Store is a quick and simple solution to making sure you take advantage of all of your money! If you have been spending your FSA account dollars throughout the year, you probably only have a small amount left in your account. Even so, you should attempt to use it all up so you don't lose any money.
We created a list of a few items you can buy at FSAstore.comwith remaining FSA dollars before your FSA deadline!
Not sure where to start or want to shop for a variety of items with your healthcare FSA?
Our popular Goodies category has surprising finds with your Flexible Spending Account, and covers a variety of items.
Shop for Goodies
$15 or less:
Buy with $15:
Perfect for sore knees and ankles, wrists and hands, shoulders and chest. Use it at the gym, the office, at home, to let you work or play comfortably.
Contains calcium, vitamin D, and soy to help maintain healthy bone and joint function. If you have arthritis, take this dietary supplement regularly to support joint flexibility, cartilage maintenance and bone health. No prescription needed.
Buy with $10:
With a large opening for inserting ice and water, this ice bag will stay cold for hours to keep your injury or pain point cold and relieved!
Despite the specific name, this pack comes with a variety of shapes and sizes to use on knees, elbows, noses, chins, etc. The absorbent island wound pad helps to keep dirt and other forms of contamination out.
Buy with $5:
A sun protected chap stick for use anywhere on your face, from your lips to ears and back of the neck. This is great for touching up your sunscreen in hard to reach places at least every 2 hours.
KT tape helps you endure multiple workouts by providing pain relief. It will stay in place for up to three days, even through showers, humidity, cold, and pool.
Have a lot more to spend before the FSA deadline, and not sure what products you'll want?
Or, if you have a lot of money left over and limited time before the deadline, you can view our Bundles!These are conveniently-packaged, similar products that come in a handy bundle (with a free tote). We sella variety of bundles depending on your healthcare needs - a family-friendly bundle, travel essentials, an eye care bundle, sun care bundle, pain relief bundle and more!
Shop a Bundle
In a time crunch to spend down your Flexible Spending Account? It's December 31 - the final day for many* (not all) FSA account holders to spend 2014 dollars.
If you still need ideas for products to browse with your FSA, check out our Ultimate Guide with FSA eligible products depending on your needs - everything from travel to baby care to active lifestyles.
How do you know if you have the Dec. 31 deadline?
Contact your FSA administrator. If you don't know how much money is left in your FSA account, or when your exact spending deadline is...call your FSA administrator today. If you're not sure who your FSA administrator is, you could ask your HR department.
10 Ways to Use your Flex Spending Account
To discover the 10 ways to still use your FSA dollars on healthcare products you'll need for 2015, you can also check out this Buzzfeed post for more ideas.
Know someone else with an FSA? Share the post to help them maximize on their remaining FSA money, before it's too late!
*If your FSA plan has a Carryover (up to $500 to the next plan year) or a Grace Period, you'll have additional time to use your FSA.
The Flexible Spending Account deadline is approaching
Now that the holidays are over and the end of the year is near, it's time to re-focus on Flexible Spending Accounts.
Because FSAs have a "Use-it-or-Lose-it" rule, you must use any remaining money or else you'll risk losing it (if you don't spend the money by your specific year-end deadline).
Luckily, there's still some time before this year ends, so there are a few days to get all the FSA expenses in order. A lot of plan years end on December 31, but it's advised to contact the FSA administrator or HR department to find out when exactly your plan year is over.
Here are 5 Ways to Make Sure You Use your Flexible Spending Account
- Keep calm and carry on...and check your FSA plan-year deadline. Some FSAs allow for a Carryover of some FSA money (up to $500) to the next year, and other plans have a Grace Period (2 1/2 months past the deadline to use remaining funds). Check with your FSA administrator now to see when your deadline is, and whether your plan has an extension.
- Submit for reimbursement. Make sure you submit for FSA eligible expenses to get reimbursed in time. FSA eligible expenses could include costs for medical care, for out-of-pocket expenses at the dentist or eye care, and for thousands of healthcare products. If you have an FSA debit card, you won't have to worry as much (though holding on to receipts isn't a bad idea)as payments for eligible expenses are auto-deducted from the card.
- Check your remaining balance and spend down the FSA account. If you still have some remaining funds, you could use these toward a variety of expenses. For a better idea of which expenses would be covered, check in with your FSA administrator, or you can also browse our Eligibility List for a comprehensive guide.
- Treat yourself. The holidays are over and you can finally relax at home. At FSAstore.com, we offer a Goodies section with pain relief eye masks, hot/cold therapy products and more to stay healthy.
- Shop for products for everyday health needs. FSAs cover everyday health items such as band-aids, hot/cold heat wraps, contact lenses, prescription eyeglasses, shoe inserts, and even breast pumps. Shopping for these with tax-free money will save you on items you would already be purchasing out of pocket!
The holidays are practically around the corner! As you prepare to travel, take the time to cook for your family, hang out with friends, and decorate your home, it's easy to forget about something else - the Flexible Spending Account deadline.
If you have a plan year ending on December 31, you'll want to make sure you use any remaining dollars before it's too late. The money in an FSA is "use-it-or-lose-it," and you don't want to risk losing your pre-tax money. If you're not sure when your deadline is, or whether you have an FSA deadline extension like the Carryover or Grace Period, the best you can do is contact your FSA administrator or ask your HR department for details soon.
Our Ultimate Guide to FSA Eligible Products will give you ideas on how you can use your remaining FSA money on everyday health products! People are often surprised by the amount and variety of healthcare products that a Flexible Spending Account can cover. There are thousands of products that span categories ranging from eye care to baby care to pain relief and first aid.
We've compiled the Ultimate Guide to make it easier for you to shop for these products, without any confusion as to what's eligible.
Let's get started...
Are you a Traveler/Adventurer? Then these product suggestions are for you! If you're gearing up for holiday travel (taking a flight, going on a road trip, perhaps), or planning future travel, these items will come in handy.
1. The Cara Select Heat LCD Moist or Dry Heating Pads - King Size Model pad provides comforting relief for all types of pain.
2. Adventure Medical First Aid Kits, Comprehensive, has all the items you'll need in terms of first aid for your next adventure. Check out Adventure Medical for you and your family.
3. Band-aids. Carry a small supply in your bag to quickly take care of those minor cuts and scrapes.
Want to indulge? Treat yourself with your FSA? Check out the selection of Goodies - or products that you might be pleasantly surprised are available with your pre-tax FSA.
The FSAstore.com Goodies section is full of surprises:
1. Warm Steam Vaporizer - this vaporizer can help relieve cold symptoms quickly and naturally.
2. Thermal-Aid Zoo Animals - all-natural hot/cold therapy for kids that will relieve all types of aches and provides comfort through a cute, stuffed animal.
3. Handheld Steam inhaler - get instant relief for allergies, colds/flu symptoms and sinus problems.
Baby/Child care. If you have a little one, are expecting, or have kids, then there are a few products we'd recommend. A lot of baby care and child care products are covered by your Flexible Spending Account.
1. Thermometers. The Braun Forehead thermometer provides a non-invasive, quick, and gentle way to monitor your baby's fever.
2. Breast pumps & accessories. Breastfeeding supplies from popular brand Medela are also covered by your FSA and sold at FSAstore.com.
3. The MediBag First Aid bag is a great kid-friendly, first-aid kit. It has 117 pieces and is a great choice for the outdoors, travel or at home.
Eye care. Your Flexible Spending Account can cover different expenses when it comes to eye care. With your FSA, you can cover an annual eye exam, prescription eyeglasses/sunglasses, contact lenses, contact lens care and more.
1. Opti-Free Replenish Multipurpose Disinfecting Solution (2-pack). Contact lens solution keeps your contacts clean and wet for comfort.
2. TheraPearl Hot/Cold Therapy Eye Mask. Suffering from headaches, sinus pressure or puffy eyes? Get fast relief with the eye mask!
3. Adlens Adjustables (Eyeglasses). These eyeglasses can be adjusted to any distance - near or far. Convenient for at home, around the office and during travel!
Defibrillator? TENS therapy? Check out the selection of interesting products that you might not know are available with your FSA.
1. Did you know defibrillators are covered by an FSA? Defibrillators are handy for at home, the office, or even in the car. Learn more via Philips
2. TENS therapy. Get pain relief for all types of aches through TENS Therapy.
3. Stethoscopes & Blood Pressure Monitors. Diagnostics like stethoscopes and blood pressure monitors are indeed covered by your FSA. Check out the smartphone-compatible blood pressure monitor from Qardio.
Tip: Need to spend down your FSA quickly? You can always check out Bundles for pre-packaged solutions to use your FSA for different needs.
FSAstore.com Offers Unique Level of Convenience for Customers Trying to Avoid Forfeiture of 2013 Flexible Spending Account Funds
Consumers with a 12/31 "Use it or Lose it" Deadline can Shop with 2013 Funds through Midnight PST; Customers Using an FSA Card - No Need to Submit a Receipt for Reimbursement
Dec. 30, 2013 /PRNewswire/ --FSAstore.com, the only e-commerce site exclusively focused on Flexible Spending Accounts (FSAs), is offering a unique level of convenience for those consumers with a 12/31 "Use it or Lose it" deadline. Each year, hundreds of millions of dollars are forfeited because consumers do not deplete the pre-tax funds available in their FSA account by their plan year deadline. FSAstore.com is one of the only places consumers with a 12/31 deadline can shop with confidence and use their 2013 funds until midnight PST on 12/31. There is no need to submit a receipt for reimbursement when you use your FSA card.
"While many online retailers do not allow FSA holders with a 12/31 deadline to use their FSA card beyond 12/29, FSAstore.com not only encourages use, but will provide additional support to ensure convenience and a seamless, high-quality experience," said CEO Jeremy Miller. FSAstore.com will be taking orders on Dec. 31 until 12:00 a.m., Pacific Time, with live chat and live phone support.
In addition to thousands of eligible products including eye care, baby care, first aid, and more, FSAstore.com customers also benefit from tools, information and services to help thembetter understand and use their FSAs.
More than 30 million Americans have pre-tax FSAs, which allow them to pay for health care services and medical products. Consumers risk forfeiting tax-free income by not depleting FSA funds or failing to submit expenses for FSA reimbursement by plan year deadlines. Recent surveys among FSAstore.com's benefit administrator partners and its customers indicate that the site is very effective in helping consumers to avoid forfeiture. Ninety one percent of benefits administrator respondents agreed FSAstore.com helps their participants to avoid forfeiture, and separately, 72 percent of consumer respondents said the site was "very helpful" in helping to reduce forfeiture.
For the last four years, FSAstore.com has been the only e-commerce site exclusively stocked with FSA eligible products - eliminating the guesswork behind what is reimbursable by an FSA. Consumers with Flexible Spending Accounts can access thousands of high quality FSA eligible products, in addition to FSA eligible services, and much-needed information through the FSA Learning Center. FSAstore.com accepts all FSA and major credit cards, offers 24/7 customer service, one-to-two-day turnaround for all orders, and free shipping on orders $50+. There is no need to submit receipts for products purchased with an FSA or HSA card.
As wintry temperatures pass through much of the country, it’s a good moment to think about emergency preparedness. Preparing for an emergency might not be something you think about all the time, but you won't regret having a few essentials handy when you need them. Did you know aFlexible Spending Account (FSA) covers first aid supplies? You can shop for various first aid kits and other first aid supplies directly at FSA Store.
Whether your area of the country gets a little snow, or gets hit by a full-on blizzard, preparing your home and car with first aid supplies in case of an emergency certainly can’t hurt. Winter storms can knock out power and cause other (structural) damage. If you’re traveling, why not bring a travel first aid kit along for any small pains along the way?
We've prepared a short list of some first aid items to prepare and your pre-tax FSA can cover the cost.
First aid checklist:
- A comprehensive First aid kit for travel, in the car, or at home
- Individual band-aids and bandages
- Gauze, tape and pads
- Children’s first aid – colorful band-aids or pediatric first aid kits
- Antiparasitic treatments
- Gloves and masks
Do you have the 12/31 FSA deadline? Use it or Lose it! Check with your FSA administrator or HR Department to see if your particular plan has the 12/31 deadline, or offers a grace period, or a rollover up to $500. Learn more about changes to the FSA "Use it or Lose it" rule.
Spend down your FSA withFSA eligible products at FSAstore.com