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
  410 Hits
410 Hits

Search Blogs Module

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