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Utilizing your Pre-Tax health plans to make online purchases

Confused about pre-tax medical plans such as FSA (Flexible Spending Accounts), and HSA (Health Savings Accounts), and what exactly qualifies as an eligible expense? Sure, these pre-tax options sound good, but can funds from these plans only be used for a doctor’s visit or prescription medication? The short answer is NO. Let’s clarify this a bit further.

What products and services are eligible?

It turns out a wide variety of products and services are available with these plans. Certainly both HSA and FSA plans can pay for just about all types of doctor visits, including most dental and vision care, physical therapy, speech therapy, psychiatric care, etc. These plans also cover a wide variety of preventative care and testing such as blood tests & test kits, genetic tests, and pregnancy tests.

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Even Dependent Care Expenses!

For the Flexible Spending Account, another great option is utilizing pre-tax funds for dependent care. These funds can go towards a wide variety of services such as after school programs, au pair, day camp, preschool expenses, and even caregiver expenses for seniors.

What about products and how do I see a list?

What may surprise many people is that these plans also cover a huge variety of products that can be purchased using pre-tax dollars. From Band-Aid’s to Back Supports, Sunscreen to Sunglasses (prescription). Need some hand sanitizer? Why not use pre-tax dollars to purchase!

Can I purchase eligible products online?

There are many resources available to assist you in pre-tax product and services available. Payroll Systems can provide you with current lists for qualified expenses, please reach out to your account manager. Want to shop for your pre-tax products from your computer? The online store, Health Shopper is a fantastic resource. This online store carries a comprehensive catalog with hundreds of items. You can also purchase items from Heath Shopper utilizing your Amazon Prime account for the checkout process!

Check it out


Payroll Systems, LLC.

www.payroll-us.com | info@payroll-us.com

800-696-8004

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This article provides general information and shouldn’t be construed as legal or HR advice. Since employment laws may change over time and can vary by location and industry, please consult a lawyer or HR expert for advice specific to your business. You can also contact Payroll Systems to inquire about our HR support services.