SOURCE: FSAStore.com

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December 20, 2010 14:26 ET

FSAStore.com Prepares Customers for Over-the-Counter Product Eligibility Changes to Flexible Spending Accounts in 2011

Nearly 30,000 Products Remain FSA Eligible Without a Prescription in 2011

NEW YORK, NY--(Marketwire - December 20, 2010) -  FSAStore.com, the only one-stop shop stocked exclusively with flexible spending account eligible products and services, is preparing customers for 2011 eligibility changes. More than 35 million consumers have flexible spending accounts, which allow them to pay for thousands of healthcare products and medical services with tax-free dollars. 

The upcoming changes in eligibility will require consumers to obtain a prescription for some FSA eligible over-the-counter products in order to be reimbursed through their FSA. Despite this fact, 28,370 products will remain FSA eligible without a prescription according to the recently released SIGIS Eligible Product List. The deadline for retailers to implement the new list into their POS systems is January 15, 2011.

FSAStore.com was founded on the idea of making it easy and convenient for consumers to use their FSAs. The company continues this commitment by offering only FSA eligible products in 2011 and providing tools and services for its customers such as an easy to read version of the final FSA eligible product list at: http://fsastore.com/site/FSA-Eligible-Products-requiring-OTCprescription-in-2011.aspx and a simple way to search for individual eligible products with FSAStore.com's Eligibility Checker at: http://fsastore.com/site/FSA-Product-Eligibility-Checker.aspx.

"FSAStore.com is the only place, online or brick and mortar, that exclusively sells FSA eligible products," said Jeremy Miller, founder and president of FSAStore.com. "We make the 2011 approved product list easy to understand and to shop from, as opposed to a store where a consumer has to guess which of the nearly 30,000 products can be reimbursed without a prescription."

FSAStore.com has been encouraging account holders to check their balances and spend remaining funds as hundreds of millions of dollars are left unspent each year in these use-it-or-lose-it accounts. FSAStore.com not only makes it easy for the FSA account holder to understand what products they can purchase, but also has a database of 300,000 doctors that are in FSA eligible medical services.

www.FSAStore.com is a one-stop shop stocked exclusively with FSA-eligible products and services. The site accepts FSA debit cards and all major credit cards, offers 24/7 customer service, one-to-two-day turnaround, free shipping for orders $50+ and there is no need to submit receipts when using an FSA debit card. 

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