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
  1437 Hits

Search Blogs Module

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