As the costs of medical care and supplies continue to rise, consumers want to be reimbursed for as many expenses as possible.
Neenah, Wis. (PRWEB) November 28, 2012
As we move closer to the end of the year, The CareGiver Partnership offers tips for consumers looking for ways to make flexible spending accounts go further.
“As the costs of medical care and supplies continue to rise, consumers want to be reimbursed for as many expenses as possible. While many private insurance plans do not cover incontinence supplies, some may be reimbursed through a health savings account or a flexible spending account,” says Lynn Wilson, Founder of The CareGiver Partnership. “Unlike an HSA, where funds roll over and accumulate year to year if not used, funds deposited into an FSA must be used within the calendar year.”
With an FSA, an employee sets aside a portion of earnings, which are not subject to payroll taxes, to pay for qualified expenses such as incontinence products. Purchases typically must be made by Dec. 31, although some employers offer a grace period, then receipts are submitted to a plan administrator and participants are reimbursed.
Wilson offers three important ways consumers can stretch FSA dollars when shopping for incontinence products:
1. Purchasing from retailers that carry a large selection of products enables consumers to choose those that fit their budgets, whether premium brands or lower-priced alternatives, washable/reusable or disposable products.
2. Buying from retailers who offer assistance over the phone, will send samples to try before buying or offer online tools to help with product selection improves the shopping experience.
3. Online shoppers should buy purchase from retailers who offer free shipping.
For more information on how to receive reimbursement for incontinence supplies, see Are Incontinence Supplies Tax Deductible? For general help with incontinence supplies, see A Guide to Selecting Adult Incontinence Products.
The CareGiver Partnership is a national direct-to-consumer retailer of home healthcare products for incontinence, skin care, mobility, daily living aids, nutrition support and more. In its sixth year of providing products and services that help caregivers and loved ones maintain personal dignity, the company also offers an online library of more than 1,200 family caregiver resources and personal service by experts in caregiving. Call 1-800-985-1353 or visit online.