New York, NY (PRWEB) July 07, 2015
FSAstore.com today announced the launch of its sister site HSAstore.com, a new convenient online destination for HSA holders. HSAstore.com makes it simple to use, spend and manage HSA funds with innovative tools including an HSA Eligibility List to help consumers better understand their accounts.
According to a report by Devenir, approximately 13.8 million Americans have an HSA, a 29 percent increase from the end of 2014. Created and launched by the founder of FSAstore.com, HSAstore.com allows individuals to shop for thousands of products that are eligible for purchase with an HSA. Shoppers save money, time, and eliminate the potential for error when spending their HSA account dollars.
HSAs are tax-favored, individually-owned health care savings accounts that allow consumers to set aside tax-free dollars to purchase medical products and services – from first-aid kits to breast pumps to eye and dental care, and thousands more products and services. An HSA lets individuals in qualified High-Deductible Health Plans (HDHPs) contribute pre-tax dollars (through automatic payroll deduction, if offered by the employer) to pay for qualified medical expenses, such as deductibles, co-pays, and medical products.
"HSA plans are becoming increasingly popular as consumers are being given more financial responsibility for health and healthcare," said Jeremy Miller, HSAstore.com founder and president. "HSAstore.com is a convenient destination for HSA holders to purchase everyday medical products, while learning to better manage and maximize these accounts. As other areas of health care are becoming more complex, our goal is to simplify and make it easy for people to pay for the healthcare products and services they need."
HSAs are popular because they belong to the individual and are portable. The triple-tax advantage is also an attractive feature, because contributions to the HSA reduce the individual’s taxable income. In addition,withdrawals for qualified expenses are not taxed or penalized, and interest in the account accrues tax free.
HSAstore.com accepts all HSA cards and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders of $50 or more.
"I usually think of my HSA when I visit my doctor, but it's easy to shop for the products I need," said John P., a new HSAstore.com customer."HSAstore.com is a simple way to shop for products online without the hassle of going to the store or figuring out what's covered."
To extend its reach to HSA holders across the country, HSAstore.com partners with benefits administrators who connect directly to consumers regarding their HSA.
"We've partnered with HSAstore.com's sister site, FSAstore.com, since 2014. We’re very pleased with our FSAstore.com partnership, and feel HSAstore.com is a natural extension for our HSA participants," said Christy Dalton, director of the Fringe Benefits Division at Medcom, a leading employee benefits administrator. “HSAstore.com will provide convenience and educational sources for our HSA participants to make the most of their healthcare savings."
HSAstore.com is the only one-stopshop stocked exclusively with HSA-eligible products and services so there are no guessing games as to what is and isn't reimbursable, which is what consumers face every time they walk into a drugstore. In addition to more than four thousand HSA-eligible products, the site offers the most comprehensive list of HSA-eligible products and services, and an HSA Learning Center. HSAstore.com accepts all HSA and FSA debit and major credit cards, offers 24/7 customer service, one-to-two-day turnaround and free shipping on orders $50+.