Not only does the move broaden Amazon’s reach into health care, but accepting HSA and FSA purchases also broadens Amazon’s insights into customer needs and spending on health. (Photo: Shutterstock)

Wading in even deeper to the health care arena, Amazon has announced that customers can now pay for appropriate purchases, such as cold medications and glucometers, with their health savings accounts and flexible spending accounts.

CNBC reports that the move allows people with FSAs and HSAs to pay Amazon for out-of-pocket medical expenses with pretax dollars. According to an Amazon spokesperson, “Customers now have the flexibility to use FSA/HSA cards on a wide range of eligible over-the-counter purchases, eliminating the need to pay out-of-pocket or submit receipts for reimbursement.” Prescription purchases may not be far behind.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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