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
  1444 Hits

Search Blogs Module

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