What does "Eligible" mean?
When we say our products are all HSA/FSA eligible, that means they will be covered by your Health Saving Account or Flexible Spending Account. We have carefully curated our site with the best in health care so you can buy with confidence.
Is Everything on Health Shopper Eligible?
Yes, everything on Health Shopper is HSA/FSA eligible.
What's an FSA Account?
An FSA is an employer-sponsored plan that allows to deduct dollars from your paycheck and deposit them into a special account that's protected from taxes. FSA accounts are exempt from federal taxes, Social Security (FICA) taxes and, in most cases, state income taxes. The money in an FSA can be used for eligible health and/or dependent care expenses that are incurred while you are participating in the plan.
What's an HSA Account?
A Health Saving Account (HSA) is a special tax-advantaged savings account similar to a traditional Individual Retirement Account (IRA) but designated for medical expenses. An HSA allows you to pay for current eligible health care expenses and save for future qualified medical and retiree health care expenses on a tax-favored basis. To be eligible to set up an HSA and to make contributions, you must be covered by a qualified "high-deductible health plan" or HDHP.