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
  1437 Hits

Search Blogs Module

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