Navigation Links
It’s Open Enrollment Season: Encourages Consumers to Use Flexible Spending Accounts (FSAs)

New York, NY (PRWEB) August 26, 2014, the only e-commerce site stocked exclusively with Flexible Spending Account (FSA) eligible products, reminds consumers to consider an FSA this open enrollment season to help reduce their taxable income. FSAs let employees set aside tax-free money for out-of-pocket healthcare costs, including over-the-counter products, dental and eye care, and medical services. FSAs also include Limited FSAs and Dependent Care FSAs.

In addition, a new change makes FSAs a bit more flexible for employees and eases potential forfeiture concerns. Last year, the U.S. Treasury Department modified the “Use it or Lose it” rule, giving employers an option to offer a carryover of up to $500 in funds.

“Open enrollment season is the perfect time for individuals or families to consider benefit options. FSAs not only offer sizeable tax-free savings on out-of-pocket expenses, but also empower consumers to maximize their healthcare dollars,” said Jeremy Miller, CEO and Founder. “Consumers can shop for everyday products at including first aid kits, breast pumps, and heats wraps, and save with product bundles geared toward pain relief, travel and back to school.”

Open Enrollment Advice for Consumers

  •     Research an FSA before Open Enrollment Starts. According to a recent research study commissioned by Alegeus Technologies, only 50% of FSA account holders understand the benefits of their plan. Now is the time to ask FSA benefit administrators and your HR representative about coverage and the savings potential that these plans offer.
  •     Understand eligible expenses. Review medical services and over-the-counter products covered by your specific plan. Earlier this year, introduced an all-encompassing Eligibility List, which has more than 800 product categories that you can use to search for eligible expenses (for Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Arrangements).
  •     Know contribution limits. If you contribute the maximum of $2,500 to your FSA, you can effectively save up to 40% on eligible expenses. If you and your spouse have access to separate FSA accounts, you could each set aside up to $2,500.
  •     Check in about qualifying events. Ask if you can change your FSA contribution outside of open enrollment if you have experienced a “qualifying event” (for example, a baby, marriage, or employment change).
  •     Estimate healthcare spending. You can use an FSA for yourself and your dependents, including children through the age of 26 (whether tax dependent or not). Use an FSA Calculator to estimate expenses for dental check-ups and eye exams, as well as costs for eligible medical products.

For more than four years, has been the only e-commerce site exclusively stocked with FSA eligible products - eliminating the guesswork behind what is reimbursable by an FSA. Consumers with Flexible Spending Accounts can access thousands of high quality FSA eligible products, in addition to FSA eligible services and much-needed information through the FSA Learning Center. accepts all FSA and major credit cards, offers 24/7 customer service, one-to-two-day turnaround for all orders, and free shipping on orders $50+.

Read the full story at

Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Open Enrollment 2015
2. safetyBUILT-IN Releases an Online Leadership Program With a Complimentary Trial Enrollment
3. COMP-Northwest Reaches Full Enrollment
4. Kansas Health Image Exchange Announces Open Enrollment; Virtual CD from Offsite Image Solves Problems with Unreadable Patient Images, Delayed Diagnosis
5. ASPIRE Phase III trial of vaginal ring to prevent HIV completes enrollment of 2,629 women
6. Survey: Almost all adult Texans knew about Health Insurance Marketplace during open enrollment
7. Open Enrollment Period Serves as Reminder to Find a California Dentist
8. Narconon Freedom Center Urges Drug Rehab Enrollment Before New Year’s Eve
9. One (1) Year Reprieve from Obamacare Ending in December for 70% of the U.S. - Online Enrollment Still Possible and Encouraged
10. ACA Marketplace Enrollment Solutions Provides Tips On How Americans Can Obtain Health Insurance While is Becoming Fully Operational
11. The Public is Invited to a Health Insurance Marketplace Information and Enrollment Session Hosted by ACA Marketplace Enrollment Solutions
Post Your Comments:
(Date:10/13/2015)... (PRWEB) , ... October 13, 2015 , ... ... hold the festivities in the friendly confines of their home. Whether it's making ... neighbors, try these Halloween recipes from Florida Dairy Farmers. , Recipe 1: ...
(Date:10/13/2015)... ... 2015 , ... Boulder native and lifelong athlete, Mark Gonglach, ... Tested by Olympic and professional athletes, he developed the combined massage and vibration ... sporting equipment and high-tech sales led him to transition from Rally Software to ...
(Date:10/13/2015)... ... October 13, 2015 , ... CURE Media ... today announced a new partnership with the International Waldenstrom’s Macroglobulinemia Foundation (IWMF) ... non-Hodgkin’s lymphoma, their families and physicians. , “Waldenstrom’s Macroglobulinemia is a so-called ...
(Date:10/13/2015)... ... 13, 2015 , ... According to an article published October 5th ... who successfully lose weight with a bariatric procedure are much less likely to develop ... notes that anywhere from 40 to 50 percent of all endometrial cancer cases are ...
(Date:10/13/2015)... ... October 13, 2015 , ... In an age where the ... 36 percent lower per square foot than in 2009. The Williamsport Regional Medical Center ... and cooling has decreased by eight percent. , According to Facilities Management Administrative ...
Breaking Medicine News(10 mins):
(Date:10/13/2015)... ) has ... European markets for Meniscal Repair - 16 Countries ... ) has announced the addition of ... Repair - 16 Countries (2010-2021)" report to ... ( ) has announced the addition of ...
(Date:10/13/2015)... , Oct. 13, 2015   Vigilant Biosciences, Inc. ... that aid in the early detection and intervention of ... Vigilant,s founder and CEO, Matthew H.J. Kim , ... which recognizes an entrepreneur who has made extraordinary contributions ... life sciences industry in the leadership of a company ...
(Date:10/13/2015)... , Oct. 13, 2015  EndoChoice Holdings, Inc. ... third quarter 2015 financial results on Thursday, November 5, ... . --> . ... Thursday, November 5, 2015 at 9:00 a.m. ET to ... for domestic callers and (412) 317-5469 for international callers. ...
Breaking Medicine Technology: