Navigation Links
It’s Open Enrollment Season: FSAstore.com Encourages Consumers to Use Flexible Spending Accounts (FSAs)
Date:8/26/2014

New York, NY (PRWEB) August 26, 2014

FSAstore.com, 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, FSAstore.com CEO and Founder. “Consumers can shop for everyday products at FSAstore.com 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, FSAstore.com 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.

About FSAstore.com
For more than four years, FSAstore.com 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. FSAstore.com 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 http://www.prweb.com/releases/2014/08/prweb12121716.htm.


'/>"/>
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 http://www.healthcare.gov 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:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... June 26, 2016 , ... Pixel Film Studios Released ProSlice Levels, a Media ... give their videos a whole new perspective by using the title layers in ... Studios. , ProSlice Levels contains over 30 Different presets to choose from. ...
(Date:6/26/2016)... Michigan (PRWEB) , ... June 26, 2016 , ... ... to fertility once they have been diagnosed with endometriosis. These women need a ... they also require a comprehensive approach that can help for preservation of fertility ...
(Date:6/25/2016)... ... ... temporary closing of Bruton Memorial Library on June 21 due to a possible lice infestation, ... aspect of head lice: the parasite’s ability to live away from a human host, and ... necessary one in the event that lice have simply gotten out of control. , As ...
(Date:6/25/2016)... Beach, CA (PRWEB) , ... June 25, 2016 , ... ... UCLA with Magna Cum Laude and his M.D from the David Geffen School of ... Diego and returned to Los Angeles to complete his fellowship in hematology/oncology at the ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits ... terms of the latter, setting the bar too high can result in disappointment, perhaps ... slow progress toward their goal. , Research from PsychTests.com reveals that ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... June 23, 2016 Any dentist who has made ... the current process. Many of them do not even offer ... difficulties and high laboratory costs involved. And those who ARE ... at such a high cost that the majority of today,s ... Dr. Parsa Zadeh , founder of Dental Evolutions Inc. ...
(Date:6/23/2016)... , June 23, 2016 ... CAPR ), a biotechnology company focused on ... today announced that patient enrollment in its ongoing ... Duchenne) has exceeded 50% of its 24-patient target. ... in the third quarter of 2016, and to ...
(Date:6/23/2016)... BOGOTA, Colombia , June 23, 2016  Astellas today announced the establishment of Astellas Farma Colombia (AFC), a ... second affiliate in Latin America . ... ... ... ...
Breaking Medicine Technology: