The average household spends hundreds, if not thousands, of dollars every year on recurring health and wellness purchases, from over-the-counter medications to menstrual care products, skin care, allergy relief, first-aid supplies, and more. In fact, FSA Store, the first and leading online retailer of exclusively FSA-eligible products, estimates that consumers spend $1,600 every year on products that could be purchased with tax-free FSA dollars. To help consumers spend down remaining dollars before the December 31 use-it-or-lose-it FSA deadline returns this year, FSA Store will introduce more than 20 all-new product bundles at a variety of price points during the months of November and December.
“FSA Store is committed to simplifying tax-free healthcare accounts, and that includes offering products and tools to help consumers spend down remaining FSA dollars – whether they have $30 or $300 left in their account,” said Shawna Hausman, chief marketing officer, Health-E Commerce. “Account holders are at risk of forfeiting an estimated $1 billion in FSA funds to the December 31 deadline. Fortunately, our product bundles are a quick and easy way to spend remaining dollars on health and wellness items that individuals and families use every day. If you’re buying these products already, why not buy them with tax-free dollars?”
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Health-E Commerce, parent brand to FSAstore.com, offers more than 300 product bundles and multi-packs that cater to specific healthcare needs, such as diabetes, high blood pressure, seasonal and environmental allergies, and pregnancy, as well as to individual lifestyle needs, such as outdoor adventurers, fitness fanatics, or even high-tech healthcare. In addition to guaranteed eligibility and zero guesswork, account holders who shop FSAstore.com benefit from the company’s ability to ensure that FSA expenses are applied to the correct plan year, which is critical this year, as consumers may have both 2021 and 2022 funds to spend before December 31.
“While the potential for consumers to forfeit funds is higher than normal this year, the expanded eligibility rules and the extensive selection of eligible items available at FSAstore.com make it easy to spend these valuable tax-free healthcare dollars in ways that support the everyday health needs of individuals and families,” said Hausman. “We urge all FSA users to check their balance today and make plans for spending their remaining funds before time runs out.”
SOURCE: PRWeb