From elementary school to college, FSAs and HSAs can support
health needs for students of all ages, while delivering savings and
convenience to parents
DALLAS, Aug. 7, 2024
/PRNewswire-PRWeb/ -- The new school year is almost here, and
parents may already be on the lookout for supplies that will set up
their child for success and good health in the months ahead. But
all of these expenses can create financial strain for families. In
fact, it's estimated that parents will spend an average of
$875 to prepare their kids for the
new school year. Fortunately, many expenses needed to support the
health and wellbeing of children during the school year are
eligible for purchase with FSA and HSA funds. To help simplify
shopping for parents who are enrolled in these tax-advantaged
accounts, Health-E Commerce®, parent brand to FSA Store® and HSA
Store®, is sharing a list of popular FSA and HSA purchases for
students of all ages.
Good health is essential for success in the
classroom, and using tax-free FSA and HSA funds to pay for eligible
healthcare expenses for school-aged children is a smart move that
many parents aren't aware of.
"Good health is essential for success in the classroom, and
using tax-free FSA and HSA funds to pay for eligible healthcare
expenses for school-aged children is a smart move that many parents
aren't aware of," said Itamar
Romanini, vice president and general manager of HSA Store.
"Helping families understand how to use their tax-free funds
throughout the year is central to our mission of simplifying
tax-free healthcare accounts so that account holders benefit better
from their FSA and HSA experience."
According to Health-E Commerce, FSAs and HSAs can be used to pay
for the following common services and products to keep students of
all ages healthy during the year.
- Update or upgrade prescription eyewear or make the
transition from glasses to contact lenses with the help of tax-free
funds.
- For students in elementary school, products like first-aid
kits, lice treatment kits, hydration packets, digital thermometers,
and allergy relief products are commonly used products that are all
FSA and HSA eligible.
- Parents of middle schoolers can purchase medicated acne
patches, sun protection lip balm, medicated facial cleansers,
topical pain relief products, and period pads. Parents can also
improve oral health and give students a smile they are proud of
with FSA- and HSA-eligible invisible aligners.
- High school students will benefit from FSA and HSA
purchases like KT tape to treat sports injuries, tampons for active
lifestyle, medicated body wash, contact lens solution, and
medicated skin serums. Tax-free funds can also be used for
personalized acne and skin care treatments from telehealth
providers.
- Parents who are sending a loved one away to college or other
post-high school activities can help keep them healthy by ordering
them an FSA or HSA debit card from their account
administrator. This will allow older dependents to pay for doctor
visits and prescription medications while away, and to purchase
eligible items like hydration kits, menstrual care products,
over-the-counter pain medications, a deep tissue massage gun,
electronic ear cleaning device, skincare products like sunscreen,
and more.
- College-aged students (18 years or older) may also benefit
from FSA-and HSA-eligible virtual mental health support.
- In addition to these popular purchases, parents can also
use FSA or HSA funds to pay for back-to-school physicals,
immunizations, and sport-specific physicals.
To learn more about eligibility or to shop for back to school
health products by brand or health condition, visit FSAstore.com or
HSAstore.com.
About Health-E Commerce
Health-E Commerce is the parent brand to FSA Store and HSA Store,
online stores that serve the 70+ million consumers enrolled in
pre-tax health and wellness accounts. The company also created
Caring Mill™, a popular private-label line of health products
through which a portion of every purchase is donated to the
Children's Health Fund. Since 2010, the Health-E Commerce brands
have led the direct-to-consumer e-commerce market for exclusively
pre-tax health and wellness benefits. Health-E Commerce plays an
essential role in expanding product eligibility for important new
categories within the list of eligible medical expenses.
Media Contact
Barbara Tabor, Health-E Commerce,
651-230-9192, Barbara@taborpr.com, www.health-ecommerce.com
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SOURCE Health-E Commerce