FSA Store

FSA Shopping Online Offers Savings and Convenience

For the most part, the internet has been a blessing for online shoppers due to convenience and lower costs on many items. From clothing to groceries to furniture, many retailers offer their products through an online store. For healthcare shoppers, what they may not know is that many FSA-eligible products and supplies may be bought online using their benefits debit card. Through online retailers, FSA shopping can be a whole lot easier.

For those not familiar with Flexible Spending Accounts (FSAs), these special benefit accounts allow you to put aside pre-tax money to pay for IRS-approved, out-of-pocket healthcare costs. You can use the money to pay for healthcare deductibles and copayments (but not insurance premiums), as well as prescription drugs and a wide variety of over-the-counter medications and medical supplies, such as blood sugar test kits, bandages, crutches and more.

If you have an FSA, your savings come from not paying taxes on the money you deposit into your account. The more you contribute to the FSA – a maximum of $2,650 in 2018 – the greater your savings.

Here’s how you can maximize your healthcare savings through online FSA shopping.

FSA Shopping Made Easy

You can further increase your healthcare savings with FSA shopping for “FSA-approved” items through many retailer websites; this includes popular companies such as Walmart, Target, Walgreens, and CVS. These companies (among many others) provide listings of the FSA-eligible items they carry to make your online shopping easier. When visiting their websites, simply search “FSA”; the site will display the inventory of eligible products and services.

As part of your online FSA shopping, you’ll also want to check out FSAStore.com. FSAStore is the only online retailer that exclusively stocks FSA-eligible products and services. This site makes it easy to shop by separating FSA-approved items into two categories – those that require a medical prescription and those that don’t. You can find complete alphabetized listing of all FSA-eligible products and procedures, as well as common medical procedures that don’t qualify. The site also lets you search by account and eligibility types, and includes useful descriptions of each product or service so that you know exactly what you’re getting.

“FSA-Approved”

When it comes to everyday healthcare items, your FSA covers wide range of products, including:

  • First aid supplies (bandages, first aid kits, etc.)
  • Thermometers
  • Contact solution and cases
  • Shoe inserts
  • Orthopedic braces

Aside from commonly used healthcare products, you may be surprised to learn what does and does not qualify as an FSA-eligible expense. For example, if you’re a recovering alcoholic who puts a dollar in the basket at Alcoholics Anonymous meetings, that’s an FSA-eligible expense. On the other hand, many cosmetic (or non-essential) treatments, such as a tummy tuck or teeth whitening, are not FSA-eligible.

Other FSA Savings

Aside from FSAs for medical expenses, there are also Dependent Care FSAs/Dependent Care Assistant Programs (DCAP). DCAP participants can use those accounts to pay for day care or after-school care expenses for qualified dependents. These services offer additional opportunities to put your FSA pre-tax dollars to work.

FSA shopping online is an easy and convenient way for you to maximize your healthcare savings, right at your fingertips.