How much can you save with tax-free health? Use our Digital Open Enrollment survey to find out!

Open enrollment season is here and for many working professionals, this means big decisions on healthcare, dental/vision and voluntary benefits for 2021.

If you're considering a flexible spending account (FSA) or a health savings account (HSA) this fall, be sure to use our Digital Open Enrollment survey first!

Take the Survey

Our new Digital Open Enrollment survey takes as little as five minutes to complete and consists of a series of multiple choice questions to find out which account may be right for your financial situation, your favorite activities, and lifestyle.

The quiz ends with an executive summary that will show you how much you can save on eligible products that matter to you, a side-by-side comparison of how an FSA and HSA can benefit your financial bottom line, information about how you can enroll in an account, and more.

Best of all, those who provide their email during the quiz enter a chance to win free eligible prizes! With open enrollment here and big decisions on the horizon, now is the perfect time to find out how much you can save with an FSA or HSA.

Take the Survey

Note: This content is for informational purposes only and is not intended to provide, nor should it be relied on, for legal, financial or tax advice. Please consult with your legal, financial or tax advisor(s) before engaging in any transaction.

Basics

FSA Friday with Sean - 12/1/17 - FSA deadlines, smart shopping and HDHP confusion

Happy December, everyone! It's a busy time here at FSAstore.com. The year is ending, which means many of you have FSA deadlines rapidly approaching!

Of course, year-end deadlines mean year-end headlines. The three articles we selected this week highlight just how different our understanding of health savings and flexible spending accounts is across the country.

More importantly, even though FSAstore.com and HSAstore.com have the best Learning Centers on the web, these links illustrate how many more people we need to help understand their accounts.

In these links - all of which were published this week, by the way - we see how studies can turn up very different results. One claims HDHP members are smarter shoppers. Another claims these people aren't using their options the right way. Which is right? That depends on your situation.

Luckily, our Learning Center and calculators, along with 24/7 customer service, and a 100% eligibility-guarantee can help clear up this confusion, and help everyone benefit more from their benefits.

HDHPs decline as sole benefit plan option - Employee Benefit News

Just 28% of U.S. employers are considering offering HDHPs as their sole benefit option to their employees in the next three years. This is a reduction from a high of 44% in 2014, according to PwC's Health Research Institute study.

Consumers with high-deductible health plans may be smarter shoppers - Reuters

Even when consumers have health plans that require them to pay a high amount out-of-pocket for care, they often don't talk to doctors about the price of treatments or shop around to get the best deal, a U.S. study suggests.

Most Americans with high-deductible health plans don't shop or save - Insurance Journal

A new study suggests that despite the rise in these high-deductible health plans (HDHPs), most Americans who have them aren't saving, shopping around for better prices, talking to their doctors about costs, or making other consumer-type moves.

For the latest info about your health and financial wellness, be sure to follow our Learning Center, Facebook, Instagram and Twitter pages.

Basics

WATCH: How Open Enrollment Works


Find out why open enrollment is one of the most important dates on any working professional's calendar. Whether yours is weeks or months away, it's never too early to start planning your future health coverage options. To help streamline learning about your options, check out this helpful video from our friends at The SEBO Group:

We hope you find the answers you're looking for, and feel free to check out the rest of our resources on our Open Enrollment page.

Still have Open Enrollment Questions?

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.”

To secure a customized spending account landing page, employers can visit https://FSAstore.com/HR, https://HSAstore.com/HR, or contact Nathaniel Douek at FSAstore.com.