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
  1095 Hits

Search Blogs Module

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