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:11/30/2015)... ... November 30, 2015 , ... Holcomb – Kreithen ... plastic surgery practices in Florida, is proud to announce that Dr. Joshua Kreithen, ... giant Ethicon Inc., a Johnson & Johnson Company. , Ethicon is a global ...
(Date:11/30/2015)... EMIGSVILLE, PA (PRWEB) , ... November 30, 2015 ... ... (CCMS) software provider, has verified that their Vasont Universal Integrator (VUI) extension unites ... handle creating, editing, and managing content as a continuous process with the latest ...
(Date:11/30/2015)... Maryland (PRWEB) , ... November 30, 2015 , ... ... interactions could be of critical importance to the medical schools of the future. ... exhibited its healthcare suite at the 2015 ChangeMedEd conference in Chicago, organized by ...
(Date:11/30/2015)... ... 30, 2015 , ... Innovaacom, a leading provider of medical ... survey of educational needs for pharmacists worldwide. The poll of pharmacists in Europe, ... quality online and face-to-face education for pharmacists who are fast becoming the new ...
(Date:11/30/2015)... ... November 30, 2015 , ... ... In 2016, expected coding changes are likely to include new codes for spine ... not easy to understand the effects of code changes in musculoskeletal, radiology and ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... , Nov. 30, 2015 NHS Supply ... 20 TrueBeam™ machines from Varian Medical Systems (NYSE: ... program to replace older machines and institute modern ... UK,s public hospitals. The order, placed in September, ... licenses for Varian,s RapidArc® and Eclipse™ software systems.    ...
(Date:11/30/2015)... , Nov. 30, 2015  Hanger, Inc. (NYSE: ... restatement of the terms of its previously announced consent ... to its $200,000,000 aggregate principal amount 7⅛% Senior Notes ... (i) the consent fees payable pursuant to the Consent ... Notes and (iii) the expiration date of the Consent ...
(Date:11/30/2015)... , Nov. 30, 2015  Precision Image ... services, is pleased to announce a dramatic expansion ... imaging services. Building on its ISO-9001:2008 certification for ... implemented comprehensive Core Lab protocols and procedures. This ... of research activities.  Their Core Lab services include ...
Breaking Medicine Technology: