FSAstore.com/HSAstore.com Launch Customizable Program for Employers
FSAstore.com and HSAstore.com Launch No-Cost, Customizable Program for Employers to Help Employees Manage Their Flexible Spending Accounts and Health Savings Accounts
Customer Survey Results Show the Sites Improve FSA/HSA Understanding & Usage While Increasing Allocation and Overall Satisfaction
NEW YORK, NY, OCTOBER 05, 2016 -FSAstore.com and HSAstore.com, the only two e-commerce sites exclusively stocked with Flexible Spending Account (FSA) and Health Savings Account (HSA) eligible products, announced today a free program for employers to help employees better use and understand Flexible Spending Accounts and Health Savings Accounts (HSAs).
Employers can simply go to https://FSAstore.com/HR and https://HSAstore.com/HR and input basic contact details. Within minutes, employers will receive a customized web page to share with employees. The page includes educational information, promotional discounts, and is supported by additional customized FSA or HSA materials provided by FSAstore.com or HSAstore.com, at no cost to the employer.
“Choosing and using employee benefits should be easy,” said Jeremy Miller, president and CEO of FSAstore.com and HSAstore.com. “The relatively low overall adoption rates of these tax-advantaged accounts means we have to continue to better educate our consumers on the advantages of FSAs and HSAs.”
Having easy access to tools and information is key to success with these tax-advantaged accounts.
In fact, findings from a recent Company customer survey showed that consumers benefit from these resources and from direct access to eligible products and services:
94 percent of survey respondents said they found products on FSAstore.com they did not previously know were eligible.
97 percent of respondents agreed that the website gave them a better understanding of product eligibility.
60 percent of respondents said they would have been more likely to forfeit funds, were it not for the resources on the site.
In addition, a high percentage of respondents said they are more likely to increase their FSA contribution because of the online FSA shopping experience.
“Our employees are often confused about how to use FSAs and HSAs,” said Cheryl Wyatt, director of human resources at Stronghold Ltd. “FSAstore.com has been a valuable resource to help them better understand these plans through tools such as the FSA Eligibility List, FSA Calculator and the FSA Learning Center and easily shop for eligible products.”