As Black Friday approaches, consumers with Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) have a prime opportunity to make the most of their pre-tax dollars. With many FSA accounts expiring at the end of the year, significant discounts on health and wellness products are available from retailers that accept these payment methods. This shopping season, customers can find deals on a range of items from smart rings to skincare products, all while utilizing their tax-advantaged funds.
Many products that qualify for HSA or FSA reimbursement include items deemed medically necessary. This encompasses everything from first-aid supplies to fitness wearables and skincare aimed at treating specific conditions. For instance, discounts are already being offered on popular products like the Oura Ring 4, which is seeing a 30% discount, and the Therabody TheraFace Mask, available for $100 off.
Key Deals to Consider
Online retailers such as GlassesUSA.com are offering up to 50% off prescription glasses, making it an ideal time for those needing eyewear. Similarly, both FSA Store and HSA Store are featuring discounts up to 50% off on eligible products. These sites streamline the shopping experience by allowing customers to purchase items without the usual hassles associated with FSA/HSA transactions.
When considering which products to buy, it is essential to recognize that while many health tools qualify without a doctor’s note, others classified as “personal care” require documentation. Items such as electric toothbrushes or fitness trackers may be reimbursable if accompanied by a Letter of Medical Necessity (LMN) from a healthcare provider.
Skincare and Wellness Products
Skincare is another category where consumers can effectively use their HSA/FSA funds. Products intended to treat specific skin conditions, such as acne or eczema, are typically eligible. Discounts are prevalent at retailers like Dermstore, Sephora, and Ulta. For example, the TheraFace Mask, which utilizes red light therapy, is gaining attention for its efficacy in treating various skin issues.
In addition to skincare, health and wellness products such as air purifiers, OTC medications, and fitness devices are also available at reduced prices. For instance, the ClearUP 2.0, designed for sinus pain relief, is available at a 50% discount at Tivic. Additionally, a three-month supply of Bōndia capsules, which support bone health, is being offered for $108 off at Sōlaria Biō.
As shoppers navigate the myriad of deals this Black Friday, it is crucial to verify the eligibility of products to ensure they qualify for HSA/FSA reimbursement. Many reputable brands are making this easier by providing direct payment options for HSA/FSA at checkout, allowing consumers to maximize their savings effortlessly.
For those looking to invest in their health, platforms like InsideTracker offer comprehensive blood panel insights, currently available at a 50% discount. These services provide personalized health recommendations and are often HSA/FSA eligible.
This Black Friday presents an excellent opportunity for consumers to leverage their HSA and FSA funds effectively. By planning ahead and taking advantage of the available discounts, individuals can make significant strides in their health and wellness while maximizing their financial resources.
