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
  723 Hits
723 Hits

Search Blogs Module

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