FSAstore.com Launches an Expanded Eligibility List to Help Consumers Understand What They can Purchase with Tax-Advantaged Healthcare Accounts
New Tool Brings Clarity to Consumers and Can Help to Reduce Forfeiture
New York, NY (PRWEB) May 12, 2014
FSAstore.com, the only e-commerce site exclusively stocked withFlexible Spending Account (FSA) eligible products, launched site enhancements that will make it easier for the millions of Americans with FSAs and other consumer health accounts to understand plan-specific eligibility. The expanded, easy-to-browseEligibility Listallows consumers to search and sort through more than 800 products and services per plan type including Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), Limited FSAs and Dependent Care FSAs.
“It can be tricky for consumers to determine exactly which products are considered eligible under their consumer healthcare accounts. FSAstore.com’s new Eligibility List eliminates the confusion by offering a simple way for people to browse and learn about hundreds of eligible expenses and services,” said Jim Hayes, Operations Manager at 24HourFlex, an employee benefits administrator. “FSAstore.com is an easy and convenient source for people to use their consumer healthcare accounts year-round, and everything sold is eligible with an FSA and HSA.”
Consumers are often unaware of the scope of eligible expenses covered by tax-advantaged accounts, which can include thousands of healthcare products, dental and eye care, and qualified medical services.
“Our all-encompassing Eligibility List can help millions of Americans better understand their plans and maximize the significant savings on out-of-pocket healthcare expenses available through an FSA, HSA or HRA,” said Jeremy Miller, Founder & CEO of FSAstore.com. “Our mission is to make it easy and convenient for consumers to use their plans, and this new site enhancement reflects that mission.”
FSAstore.com had the opportunity to work with one of the partners in its 150+ partner network, Infinisource, who provided IRS-specific data in an effort to bring awareness and education to consumers.
“Infinisource’s Fringe Benefits Department finds the Eligibility List so beneficial. It provides participants valuable information to avoid any confusion as to what can be reimbursed under their account. It also reduces denied claims. This is an excellent and valuable tool,” noted Infinisource.
For the last four years,FSAstore.comhas 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+.