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
  999 Hits

Search Blogs Module

Wait a minute, while we are rendering the calendar
bottom line information payments credit freeze insurance policy pet privacy settings birth certificates Facebook profile breach Fox News story home emergency kit California Lions Friends “ skimmer ”. Labor Day Treasury Department TD Ameritrade clients show support CARES Act company Medicare Part B premiums Medicare question Notary Public 4 pm -8pm web address April 15 July 6 information Facebook emergency kit executive order https ://seekingalpha Open House Two-Step Verification notary services September 30 2020. July 4 70 1/2. chip-enabled EMV cards opt-out consumer spending emergency folder paper records memorial Day weekend Financial Planning Magazine credit cards cell phone SIM swap scam records September 9 Kiplinger Letter client portal June 29 markets policy Medicare Advantage account numbers insurance policies Economic Security partner /owner retirement Victor Dergunov National Ice Cream month trustee relief efforts ice cream 2017 Equifax breach fun facts interest items scams family members blog post driver license house sitter spread earnings fallout wells Fargo text messages Healthcare drive /usb Medicare Part B padlock Social Security pet donation drive Social Security Administration earthquake app phishing scams Medicare EEChecklist-Kits.pdf stockpilingchecklist.pdf Affordable Care Act retirement plans IRS deadline Federal Trade Commission website September 8 email notifications offering insurance February 14 FEMA website Asset Planning vision screening summer official certification estate stimulus package October 1 2020. spring cleaning DNA test kits Supplemental Security Income home mortgages home break-ins disaster areas cell phone carriers 2017 IRA contributions toilet paper stock pile home security clients life saver emergency kits illiegal robocallers identity thieves D premiums home phone credit card fraud cell phone carriers offer health care services IRS credit card company Part D premiums . Amazon student loans Expired medications Joey Gonzales Wells Fargo customers interest rates retirement planning team members Flexible Spending Account spam phone Erin Nelsen years estate planning retirement accounts April 18 2017. hurricane Dorian 900 number money CERTIFIED FINANCIAL PLANNER exam credit monitoring service health care costs cell phone service provider Puerto Rico settlement options https :// portal donation items documents Medicare plan Legal robocalls tax season media accounts news coverage April 11 ID card phishing sites app CFP ® market turmoil Part B president Trump 20 year anniversary Mobile Banking Security Tips identity theft Orange County increase Independence Day rescue organizations asset Planning vacation Open Enrollment Charles Schwab banking pet supplies privacy notices Brexit vote prescription eyeglasses self-help topics checklists FSA VOIP landline phones pets paperwork clutter phone companies investment statements Retirement Contribution Limits assets July weekend debt Orange County Superior Court estate planning direction Kraig Mathias car loans coronavirus 2018 IRA contributions CA FTB business hours clone counterfeits cell phones contribution limit fees Shred paperwork January 10 check lists 401K IRA accounts Coronavirus Aid pet industry ice cream event tax returns cell phone provider July 3 rd people medications jury duty tax deadline tax deadlines tax records Roth IRA credit score borrowing money COVID -19 virus 2017 TD Ameritrade National LINC Conference parking spots 23 andme donation counts holidays approach fun atmosphere operations manager tax filing deadlines card reader trust home emergency preparedness kits Ice Cream Social gap insurance integral member Wells Fargo employees non-prescripstion sunglasses Auto insurance water … flash drive