Asset Planning, Inc Blog

The latest from the team.

FSA Eligible Items on Amazon

There is now a whole section of Flexible Spending Account eligible items available on Amazon. In case you don't know what an FSA is, it is an account that you put pre-tax money into that you use to pay out-of-pocket health care costs with. The limit per person each year is $2,650 and most plans require that you use up that amount each year. Even though there is a limit of $2,650 a year you are not required to contribute that much. You can estimate what you think you spend per year and only contribute that amount. People use their FSA accounts to pay for copays, deductibles and prescriptions but there is a lot of over the counter products that meet the eligibility requirements ranging from blood pressure testers all the way to sunscreen and lotion.

Most of the time FSA owners will pay for these out of pocket expenses and then submit a claim form to be reimbursed but there is another option. You can now request a debit card for your FSA and pay directly for these expenses using that card. If you would like to order from Amazon, you would enter your FSA credit card information and select that card as your form of payment. When I was looking on Amazon I simply searched for FSA eligible items and was amazed at all of the products that were available and that I would be able to use for my family on a daily basis. This is a great way to use up the funds in your FSA account.

If you do not have a Flexible Spending Account, it may be something to look into. Not all employers offer them, but it doesn't hurt to ask your human resources department. Remember whatever you do contribute will reduce your taxable income because the contributions are made pre-tax. It's really a great way to pay for your out-of-pocket health care costs.

When googling FSA eligible products, I noticed that there were a lot of other stores that offer them as well. I just love the convenience and delivery options of Amazon, especially if you're a Prime member.

Continue reading
  107 Hits
107 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
Part B parking spots insurance policies Treasury Department investment statements wells Fargo check lists credit card fraud self-help topics Shred paperwork retirement plans drive /usb interest rates Wells Fargo employees padlock April 15 EEChecklist-Kits.pdf stockpilingchecklist.pdf health care costs earthquake app credit monitoring service Facebook profile credit score scams bottom line 70 1/2. credit freeze portal Medicare plan relief efforts home tax deadline National Ice Cream month vacation app Asset Planning money notary services jury duty Notary Public 4 pm -8pm California Lions Friends cell phone carriers offer Brexit vote pets Auto insurance Supplemental Security Income fun facts tax season borrowing money Amazon Open House Medicare Part B October 1 2020. Healthcare birth certificates retirement 900 number pet clone counterfeits company privacy notices information IRA accounts Financial Planning Magazine banking cell phones home emergency preparedness kits Legal robocalls Retirement Contribution Limits life saver toilet paper opt-out https ://seekingalpha estate planning April 18 2017. Ice Cream Social ice cream event “ skimmer ”. vision screening ice cream phone companies flash drive home mortgages card reader phishing scams Medicare 2017 TD Ameritrade National LINC Conference car loans home break-ins blog post documents insurance policy 2017 IRA contributions web address asset Planning 2017 Equifax breach CFP ® Roth IRA trust emergency kits consumer spending June 29 account numbers privacy settings email notifications April 11 phishing sites settlement options executive order official certification clients information Facebook retirement accounts IRS deadline Medicare Advantage Two-Step Verification health care services Wells Fargo customers fun atmosphere Federal Trade Commission website Orange County Superior Court prescription eyeglasses home security identity thieves DNA test kits breach debt integral member memorial Day weekend FSA Medicare Part B premiums news coverage July 4 Social Security Mobile Banking Security Tips 401K Open Enrollment emergency folder illiegal robocallers Puerto Rico rescue organizations home emergency kit assets pet supplies Independence Day increase Medicare question summer client portal spam phone identity theft driver license Victor Dergunov fees 20 year anniversary policy Fox News story estate partner /owner D premiums https :// gap insurance spring cleaning ID card non-prescripstion sunglasses Flexible Spending Account Social Security Administration house sitter Affordable Care Act CERTIFIED FINANCIAL PLANNER exam 2018 IRA contributions checklists trustee disaster areas hurricane Dorian FEMA website Kraig Mathias chip-enabled EMV cards pet industry 23 andme retirement planning Orange County Part D premiums . Kiplinger Letter president Trump credit cards clients show support VOIP landline phones credit card company emergency kit paperwork clutter Erin Nelsen contribution limit