Search
From routine check-ups to unexpected emergencies, medical expenses and deductibles can quickly add up. Making those fun vacations a short-lived dream. Fortunately, tools are available to help ease the burden, one of which is the Medical Flexible Spending Account (FSA). In this blog, we'll delve into what exactly a Medical FSA is, how it works, its benefits, and how you can take advantage of this valuable healthcare benefit.
A Medical FSA is a pre-tax benefit account that allows employees to contribute a portion of their salary to cover qualified medical expenses. These expenses can include co-payments, deductibles, prescriptions, and other healthcare-related costs not covered by insurance. The funds contributed to an FSA are deducted from the employee's paycheck before taxes, resulting in significant tax savings.
Employees elect to contribute a specific amount to their Medical FSA during their employer's open enrollment period. This amount is then deducted from their paycheck in equal installments throughout the year. The contributions are not subject to federal income tax, Social Security tax, or Medicare tax, providing immediate tax savings. Employees can use the funds in their FSA to pay for eligible medical expenses incurred by themselves, their spouses, and dependents.
Medical FSAs can be used to cover a variety of medical expenses, including but not limited to:
While Medical FSAs offer many benefits, there are some important considerations to keep in mind:
At Shop Home Med, we make using your FSA account an easy and simple process. With no-worry eligibility, we carry thousands of brand-name products with easy-to-navigate eligibility, so you can quickly find the products you need. There are also plenty of sales and deals- more than you may even need!
At Shop Home Med we take pride in a seamless checkout experience thanks to SIKA Health. If you forgot your FSA card or don’t have it handy, we’ve got you. You can use your regular credit card and we’ll help with the rest. Our free and fast shipping ensures that you get your products quickly. We also provide you with an end-of-the-year receipt so you don’t have to worry about filing for reimbursements.
In conclusion, a Medical Flexible Spending Account (FSA) is a valuable tool that can help individuals save money on healthcare expenses while providing tax benefits. By understanding how Medical FSAs work, the benefits they offer, and the eligible expenses they cover, individuals can make informed decisions about their healthcare spending.
Key Specs Drive Range: up to 13 miles Max Speed: 4.00 mph Auto-folding seat Weight: 60 lbs. Weight capacity: 300 lbs. The ZooMe Auto-Flex takes...
View Full DetailsNoble Aid Antihistamine Allergy-Relief Tablets: Get Relief from Common Allergies Fast Noble Aid Antihistamine Allergy-Relief Tablets are a safe and...
View Full DetailsDon’t Let Everyday Pains & Aches Stand In Your Way With The Purest Low-Dose Coated Aspirin Tablets For Adults By NobleAid! No matter if you oft...
View Full DetailsThe high-performance Protekt® 500 Lift is the perfect blend of form and function for safe and easy patient transfers. This electric-powered, high q...
View Full DetailsThe Protekt® 600 lb. Sit-to-Stand has extra wide adjustable kneepads that will help meet a wider range of patient needs. To support the extra weigh...
View Full DetailsProHeal offers a complete line of slings to meet the dynamic needs in both the long-term care and homecare settings. These slings are an industry s...
View Full DetailsThe Protekt® All-In-One is the only lift on the market that is foldable, portable and can be used for ALL TYPES of transfers between: car and chair...
View Full DetailsThe Protekt® Dash standing transfer is your best choice for fall prevention, reducing caregiver lifting injuries and promoting patient mobility. Th...
View Full DetailsKey Specs Seat Size: 20" Drive Range: up to 16 miles Max Speed: 6.00 mph Weight capacity: 400 lbs. Weight: 185 lbs. The Drive Medical Ventura DL...
View Full DetailsKey Specs Seat Size: 20" Drive Range: 16 Max Speed: 6.00 mph Weight capacity: 400 lbs. Weight: 174 lbs. The Drive Medical Ventura DLX 3-Wheel sc...
View Full DetailsKey Specs Large, plastic carry basket Flat-free, non-marking tires Drive Range: up to 9 miles Weight Capacity: up to 300 lbs. The Scout transport...
View Full DetailsKey Specs Dynamic modern design 10 MPH top speed Drive range up to 22 miles Weight capacity: 450 lbs. From its distinctive look to class-leadin...
View Full DetailsIntroducing the Medacure Bariatric Wings Wheelchair – an innovative mobility solution designed with comfort, versatility, and durability in mind. E...
View Full DetailsIntroducing the Medacure Junior Two-Button Folding Walker, the perfect mobility solution for individuals seeking independence and assistance in the...
View Full DetailsIntroducing the Medacure Steel Rollator - Your Reliable Mobility Companion! Constructed with a robust yet lightweight steel frame, the Medacure Ste...
View Full DetailsIntroducing Medacure's Platform Walker Attachment, the perfect accessory to enhance your mobility and comfort while using a walker. This innovative...
View Full DetailsKey Specs: Airline approved with detachable lithium battery LED headlight and rear brake light, provide safe travel No tools needed for quick asse...
View Full DetailsKey Specs: Simple control panel Sliding swivel seat with flip-up armrests Rear basket Weight capacity: 350lbs Highlights: The Metro Mobility S5...
View Full DetailsKey Specs: Folds in 3 seconds Maximum speed 4mph Weight capacity: 330 lbs Highlights: Discover the freedom of movement offered by the Metro Mobi...
View Full DetailsKey Specs: Replacement Motor Confirm Your Original Motor Before Placing METRO Standard Motor
Key Specs: High-performance operation and easy disassembly Sliding swivel seat with flip-up armrests Very comfortable Seat Weight capacity: 300 lb...
View Full DetailsKey Specs: High-performance operation and easy disassembly Intelligent electromagnetic brake 2 cup holders & USB Charging Port Weight capac...
View Full DetailsKey Specs: Simple control panel Sliding swivel seat with flip-up armrests Driving Range: 45 miles Weight capacity: 180kg Highlights: A large, ...
View Full DetailsKey Specs: Lead Acid Battery 12/20 AH Capacity Only Compatible With The Charger That Comes With The Scooter
Key Specs: High-performance operation and easy disassembly 2 in 1 Cup & Phone Holder Weight capacity: 300lbs Highlights: Metro Mobility Max ...
View Full DetailsThe ease in which my mom can exit the bed is a blessing! The fact that she loves the bed is all I need to be happy! Thank you!
This came at a time when there was a crisis with my husbands health. It is very manly and because you made it so easy, just unpack and go, I was saved much stress. Thank you for such a awesome product.
I have not been using them for a long time, but when you have bladder leakage, dependable is the best thing in the world. I am grateful for your product, thank you.
These masks are very comfortable and also different mood colors. Better than the plain black or hospital blue masks. Need more designs.
This mattress is excellent for anyone who has a special needs individual that isn't potty trained or is prone to accidents. It's makes clean up a breeze and they get a good quality mattress with great support. I highly recommend this mattress for anyone who may have incontinent issues.
Love my mask they are so soft and after a 12 hour shift my ears don't hurt .thanks for good quality service and product
The person i bought those for has passed away. Its been returned
The overbed table is just what I needed to elevate my phone, alarm clock and C-Pap
machine at the same height at the side of
my bed. I could not find an end table high
enough or large enough. It is worth getting.