Lynn Wilson, Founder of The CareGiver Partnership |
by Lynn Wilson, Founder of The CareGiver Partnership
As we move closer to the end of the year, we urge you to take advantage of leftover funds in flexible spending accounts by the end of 2102. In addition, here are three ways to make FSA dollars 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. 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.
Here are three important ways consumers can stretch FSA dollars when shopping for incontinence products:
- 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.
- 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.
- Online shoppers should buy purchase from retailers who offer free shipping.
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About The CareGiver Partnership. The CareGiver Partnership helps caregivers and their loved ones with answers to their caregiving questions, including information about home health care products and supplies, from our Wisconsin-based team of Product Specialists who are all current or former caregivers. The company’s Web site provides the largest online library of resources on subjects most important to caregivers — from arthritis to assisted living, and Parkinson’s to prostate cancer — as well as access to more than 3,000 home care products for incontinence, skin care, mobility, home safety and daily living aids. The CareGiver Partnership was founded in 2004 by Lynn Wilson of Neenah, Wisc. Visithttp://www.caregiverpartnership.com to learn more or call 1-800-985-1353.
About The CareGiver Partnership. The CareGiver Partnership helps caregivers and their loved ones with answers to their caregiving questions, including information about home health care products and supplies, from our Wisconsin-based team of Product Specialists who are all current or former caregivers. The company’s Web site provides the largest online library of resources on subjects most important to caregivers — from arthritis to assisted living, and Parkinson’s to prostate cancer — as well as access to more than 3,000 home care products for incontinence, skin care, mobility, home safety and daily living aids. The CareGiver Partnership was founded in 2004 by Lynn Wilson of Neenah, Wisc. Visithttp://www.caregiverpartnership.com to learn more or call 1-800-985-1353.
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