FSA Accounts and Insurance Claims
Friday, September 5th, 2008We recently had a question about how online retailers handle Flexible Spending Accounts (FSA) / Health Savings Accounts (HSA) and insurance claims. We inquired at two retailers who both replied that they did not deal with insurance companies at all. Some online retailers notate their products indicating the product likely qualifies for FSA spending. FSA credit cards may be used to pay online retailers directly from an FSA account.
FSA accounts work really well with contact lens purchasing because remaining FSA balances must be forfeited or used by the end of the year. Excess money in the account can be spent on up to 12 months worth of contact lenses with a new prescription.
Generally, we cannot answer for merchants on FSA policies and procedures. Specific inquiries must be directed to them by phone or email.