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
  324 Hits
324 Hits

Search Blogs Module

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