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+.
At FSAstore.com, we exclusively sell thousands of FSA eligible products. We make it easy for Flexible Spending Account (FSA) holders to shop for eligible healthcare related products. You may deal with frustration and confusion at the drugstore, where it can be difficult to tell what items qualify for your FSA. As you walk through the aisles, you’re only seeing a small portion of the thousands of products that are eligible with your FSA. On our site, it’s easy to browse numerous categories all in one easy location. You might even be surprised to find that certain items are FSA eligible. Were you aware that nasal saline solution, breast pumps, and knee braces are available with an FSA? Check out more FSA eligible expenses on our site via the FSA Eligibility List.
The IRS determines overall FSA eligibility, but your plan has its own guidelines. Most FSAs follow the IRS eligibility guidelines, but some may be limited to only cover specific expenses. While FSAstore.com adheres to the IRS eligibility standards, if you have an FSA that’s limited to certain expenses, it may not work on our site. It’s best to check in with your employer about your plan’s eligible expenses to comfortably shop our site. We offer a 100% FSA Eligibility Guarantee that the products we sell are eligible or you get your money back. Should your FSA administrator ever deny your claim, let us know and one of our FSA experts will be able to assist you.
When you’re at a drugstore, it can be difficult to tell what’s eligible. As you’re walking through the aisles, items are not always clearly marked. After a long day at work or home, the last thing you want to do is drive to the drugstore.
At FSAstore.com, we want to eliminate that confusion about eligibility.
We clearly label FSA eligible items with:
A red checkmark (these items are eligible without a prescription)
A blue rx logo (these items requires a prescription to get reimbursed by your FSA). Learn more about prescription reimbursement with your FSA.
Now let’s talk about those 5 surprising items you can buy with an FSA…
1. Breast Pumps & Accessories
Your FSA covers the cost of breast pumps and any accessories (nursing pads, storage bags, nipple shields, bottles and pump parts) that help with breast feeding. Breast pumps and baby feeding accessories do not require a prescription for FSA reimbursement.
2. Blood Pressure Monitors
Blood pressure monitors do not require a prescription for FSA reimbursement.
3. Shoe Inserts
Over-the-counter foot care (arch and insole supports, bunion and corn treatments, blister treatments, callous removers) and orthotic inserts are eligible for FSA reimbursement – these do not require a prescription.
4. Hot/Cold Packs
Hot and cold packs are covered by your FSA and can also be part of first aid kits – which are also FSA eligible.
5. Neti Pot or Warm Steam Vaporizer
Both the Neti Pot and Warm Steam Vaporizer are used to alleviate nasal congestion and general cold symptoms and therefore would be covered by an FSA.