Maximize your HSA/FSA funds

 femSense is HSA/FSA-eligible

 

femSense is a FSA- and HSA-eligible product and, can be paid for on femSenseUS.com with your FSA or HSA card.

 

 On March 27, 2020 Congress passed the CARES Act. This legislative package is designed to help Americans and businesses handle the challenges associated with the COVID-19 coronavirus pandemic. The law includes a bipartisan provision, which enhances Americans’ access to self-care options including over-the-counter (OTC) medicines, fertility tests, hormone tests, and menstrual care products by making these items eligible for purchase using Health Savings Account (HSA) and Flexible Spending Arrangement (FSA) funds.
 
femSense is happy to help you maximize your healthcare funds by accepting HSA and FSA payments online.
 
What is an FSA?
A Flexible Spending Account (also known as a flexible spending arrangement) is a special account you put money into that you use to pay for certain out-of-pocket health care costs.
You don't pay taxes on this money, so you'll save an amount equal to the taxes you would have paid on the money you set aside.
Employers may make contributions to your FSA but aren't required to.
For details about your company's FSA, including how to sign up, ask your employer.

    To use your FSA, simply submit a claim to the FSA (through your employer) with proof of the medical expense and a statement that it has not been covered by your plan. You will then receive reimbursement for your costs. Ask your employer about how to use your specific FSA.

     

    Fast facts about FSA

    FSAs are limited to $3,050 per year per employer in 2023. If you're married, your spouse can add up to $3,050 in an FSA with their employer, too.
    You can use funds in your FSA to pay for certain medical and dental expenses for yourself, your spouse and your dependents.

    You can spend FSA funds to pay deductibles & copayments but not insurance premiums.
    You can spend FSA funds on prescription medications and over-the-counter medicines with a doctor's prescription. Reimbursements for insulin are allowed without a prescription.
    FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages and diagnostic devices like blood sugar test kits.
    If you're enrolled in an HSA, you may only use a Limited Purpose FSA for dental or vision expenses.

    When shopping at femSenseUS.com, you can use an FSA or HSA debit card supplied by your health insurer to purchase eligible items. The total amount will be automatically deducted from your account. You can also save, email or print out and submit your purchase confirmation page or receipt to your FSA or HSA account administrator for reimbursement.

    For additional information about Flexible Spending Accounts or Health Savings Accounts, please contact your healthcare plan administrator.

    Helpful resources

    FSA: https://www.healthcare.gov/have-job-based-coverage/flexible-spending-accounts/Opens in a new tab

    HSA: https://www.healthcare.gov/glossary/health-savings-account-hsa/Opens in a new tab

    IRS: https://www.irs.gov/pub/irs-pdf/p969.pdfOpens pdf in a new tab