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
  1417 Hits

Search Blogs Module

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