PSA: 2022 Updates for your FSA and HSA As the clock inches closer to midnight, and the ball is about to drop, thinking about your flexible spending account likely is the last thing on your mind. However, with all the changes made this year, perhaps you should (at least read this article). Typically, your employer […]
PSA: 2022 Updates for your FSA and HSA Read More »
***UPDATED: As of 6/20, Amazon is now able to accept FSA or HSA cards. Assortment appears to be very limited, so keep that in mind the next time you need to use your benefit card! Click here to shop the Amazon FSA store! **UPDATED: As of 6/12/2023, Amazon is NOT accepting FSA or HSA cards
How to use FSA or HSA Card on Amazon Read More »
The PHIT (Personal Health Investment Today) Act, currently introduced as H.R. 1582 in the House and S.786 in the Senate, represents a groundbreaking attempt to reshape how Americans approach preventive healthcare and physical fitness. This legislation aims to allow individuals to use pre-tax dollars from Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs)
The PHIT Act: Could This Be the Game-Changer for American Health? Read More »
The IRS has released its 2025 contribution limits for both Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). Here’s everything you need to know about these tax-advantaged healthcare savings options for the coming year. Quick Reference Guide FSA Limits Year Annual Limit Monthly Equivalent 2025 $3,300 $275 2024 $3,200 $267 Increase $100 $8 HSA
Complete Guide: 2025 FSA and HSA Contribution Limits Read More »
Apple’s latest AirPods Pro have officially been classified as hearing aids by the FDA, marking a significant development in how consumer tech can assist with diagnosing or supporting health ailments. According to a recent NPR report, the FDA approved Apple’s new “Hearing Aid Feature,” which will amplify sounds for individuals with perceived mild to moderate
FDA Approves AirPods Pro as Hearing Aids: What This Means for FSA and HSA Eligibility Read More »
One of the exciting aspects of flexible spending accounts and health savings accounts are the continuous expansion of eligible products and services. Each month brings new FSA and HSA approved products and services, offering users even more options to optimize their healthcare spending. Staying updated is essential for maximizing the benefits of these accounts, ensuring
April’s Approved: 5 New FSA and HSA Eligible Products You Need to Know About! Read More »
A letter of medical necessity (LMN) is a document that a licensed medical provider can give a patient to assist with getting certain medical expenses covered by their flexible spending account (FSA) or health savings account (HSA). The document would detail why the doctor felt it was medically necessary for their patient to receive a
What is a Letter of Medical Necessity (LMN)? Read More »
In a recent announcement made on March 6th, 2024, the Internal Revenue Service (IRS) issued a stern reminder to taxpayers and health spending plan administrators regarding the eligibility of general health and wellness expenses for reimbursement under the tax law. Amid growing concerns over misleading advertisements, the IRS clarified that personal expenses for general health
In the realm of healthcare savings, Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) provide invaluable opportunities for individuals to manage out of pocket medical expenses efficiently. As the founder of FSA Guide, a platform dedicated to maximizing healthcare benefits, I’ve explored numerous online stores catering to FSA and HSA users. Among them, FSAstore.com
Navigating FSA Benefits with Ease: A Review of FSAstore.com Read More »
Source: H-E-B FSA FAQ Page 2023 Using your FSA or HSA card at HEB can be a smart strategy for saving money on healthcare expenses. HEB, a renowned grocery store chain, offers a wide range of eligible items that you can purchase using your Flexible Spending Account (FSA) or Health Savings Account (HSA) card. But
Does H-E-B Grocery Store Accept FSA or HSA Cards? Read More »
In the ever-evolving landscape of healthcare, consumers are increasingly seeking convenient and accessible diagnostic lab testing options outside of insurance coverage. This guide explores at-home and in-lab solutions from companies like LabCorp and Quest Diagnostics, offering flexibility through paying out-of-pocket or using FSA and HSA cards. Learn about the top tests, costs, and considerations to
Navigating FSA-eligible Diagnostic Testing Options: Lab and At-Home Testing Read More »
So the holiday season has you in the gifting spirit, and you’re looking at your balance wondering if you can donate your FSA funds or buy items to donate. Or maybe you’re hopeless, and after looking at thousands of FSA eligible items you think someone else is better off with the money. Whatever the reason,
FSA Deadline Tips: Can You Donate FSA Money? Read More »