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Did you know that Adventure Medical Kits are covered by a Flexible Spending Account (FSA)?
What is a Flexible Spending Account?
If you're curious, a Flexible Spending Account (FSA) can be a great option to help you save on healthcare expenses. These employer-sponsored accounts are not only pre-tax, but the money can be used for lots of different medical expenses. You can use an FSA to cover co-pays at the doctor's office, dental and eye care, and thousands of healthcare products such as first-aid kits! By using an FSA, you effectively reduce taxable income, and can cover expenses that you'd pay for out of pocket.
Among available FSA eligible expenses are Adventure Medical Kits products, which offer a great and convenient way to explore the great outdoors while quickly remedying distractions like cuts, bites and scrapes.
How do I use an FSA? Are there important deadlines I need to be aware of?
Often, you’ll hear about FSA plans around open enrollment at work, and wonder how you can sign up and starting using these benefits. Before you enroll, you'll have to decide how much money you want to set aside for the upcoming plan year. Many employers allow for the maximum contribution of $2,550 per year, but it varies. Once you decide your contribution, it will be evenly taken out of your paycheck on a pre-tax basis during the year. If you didn't have an FSA, you would pay out of pocket, but after taxes had been deducted. You can use your FSA for qualified healthcare costs ranging from medical services to healthcare products, including Adventure Medical Kits!
There are certain spending deadlines by which you must use the money in your FSA. These deadlines vary per plan, so it's best to ask your FSA administrator for specific details, but you could have a few options available to you - either a Carryover or Grace Period, which your administrator will be able to discuss with you.
How can I use my FSA for Adventure Medical Kits products?
Using your FSA for these products is simple and convenient! You can shop for them at FSAstore.com, the only e-commerce site that exclusively carries products covered by an FSA. At FSA Store, you can use an FSA debit card to pay for these expenses or shop without an FSA card and submit paperwork or receipts for FSA reimbursement.