This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
We think it’s pretty obvious, but we LOVE FlexibleSpendingAccounts (FSAs). With roughly 160 FlexibleSpendingAccount (FSA)-related blogs on our site concentrating on eligibility, spending options, plan strategy, savings, and more…we cover it all!
FlexibleSpendingAccounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Many people are surprised to learn how many everyday items are actually FSA eligible.
Also, cash-back and low-interest credit cards, pre-tax employer flexiblespendingaccounts, negotiating (a.k.a., Nevertheless, I also continue to find money savings tips that are new to me. I call them my “Who Knews?” Below is a list of 10 of my “Who Knews?” from the several recent annual AARP 99 Great Ways to Save articles.
Two of the most common accounts are a Health Savings Account (HSA) and a FlexibleSpendingAccount (FSA). Regardless of the account you use, there are a number of eligible vision expenses. Other eye drops can be purchased over-the-counter at local or national retailers.
Diabetes equipment for staying on top of your blood sugar… Multiple diabetic supplies are available for purchase through your FlexibleSpendingAccount. Unless your employer has set eligibility rules stating otherwise (see more about that here ), the mask can be purchased through your FlexibleSpendingAccount*. (Or
Flexiblespendingaccounts (FSAs) are employer-established accounts that allow you to put aside pre-tax dollars from your paycheck into a special account to be used for eligible health or dependent care expenses. This could be a doctor, dentist, pharmacy, retail store, or other healthcare provider.
Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or health insurance issuer directly, or any other entity on behalf of the plan. Guidance Related to the $12 Safe Harbor. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.
Under this limited non-enforcement policy, plans could, under certain circumstances, limit the amount reimbursed for at-home COVID-19 tests obtained from non-network retailers to the lesser of $12 per test or the actual test cost.
Retail and food workers who were hailed as heroes and paid higher wages at the start of the pandemic don’t want to go back to minimum wage. Additionally, many people took the time at home throughout the pandemic to start a business, learn new job skills, or pivot to freelancing.
Like a Health Savings Account or a FlexibleSpendingAccount ). Go to a thrift store or place with lower costs (like TJ Maxx or Marshalls) instead of making a full price purchase online or at a retail store. Don’t believe us that you have $100 lying around for healthcare? Only eat out once a month.
If not, it is an eligible expense under a Medical FlexibleSpendingAccount (FSA), Health Savings Account (HSA) and most Health Reimbursement Accounts (HRA).) Pharmacies housed in large retailers like Walgreens, CVS and RiteAid often offer immunizations and they accept most insurance.
But the principle also applies if employees have flexiblespendingaccounts or health savings accounts. A direct-to-consumer shipping mechanism can include online or phone ordering and may be provided through pharmacies or other retailers, the plan directly, or another entity on the plan’s behalf.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content