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
  353 Hits
353 Hits

Search Blogs Module

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