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:5/26/2016)... Oakland, California (PRWEB) , ... May 26, 2016 ... ... liabilities associated with discovery of thousands of defective respirators, according to court documents ... in the case of William and Becky Tyler v. American Optical Corporation, Case ...
(Date:5/26/2016)... ... May 26, 2016 , ... On Memorial Day, Hope ... lost their lives in military battle for the country. The nonprofit Hope For ... provide more programs that empower independence for disabled military veterans, as well as police, ...
(Date:5/26/2016)... ... 26, 2016 , ... MadgeTech will be showcasing its line of data ... Hampshire at the MadgeTech headquarters. With products sold in more than 100 countries around ... including NASA. , In 2012, NASA strategically set up 17 RHTemp101A MadgeTech ...
(Date:5/26/2016)... ... , ... In an effort to provide hair restoration information to the widest possible audience, Dr. ... do not use the app. Dr. Mohebi, the founder of Parsa Mohebi Hair Restoration, is ... , Dr. Mohebi says, “The positive response to the Snapchat videos we started last ...
(Date:5/26/2016)... ... ... The Lung Institute has partnered with the Gulfcoast North Area ... at their clinic in downtown Tampa. The class is complimentary for the public. Register ... a free downloadable 4 Week Smoking Cessation Guide for those who are ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... According to a new market ... 4D), by Therapeutic Area (Oncology, Cosmeceutical/Plastic Surgery), by Application ... Manufacturers, Hospitals/ Clinics) - Forecast to 2021", published by ... for the forecast period of 2016 to 2021. This ... 2021 from USD 117.3 Million in 2016, at a ...
(Date:5/25/2016)... , Germany and ... QIAGEN N.V. (NASDAQ: QGEN ; Frankfurt Prime ... a licensing and co-development agreement with Therawis Diagnostics GmbH to ... will be to develop and market PITX2 as a marker ... other high-risk breast cancer patients. "We are pleased ...
(Date:5/25/2016)... May 25, 2016  According to Kalorama Information, the ... in 2015.  Though these are challenging times in ... for success for companies that remain optimistic and ... new growth prospects medical device companies spend a ... development (R&D) than do companies in other industries.  ...
Breaking Medicine Technology: