Not only does the move broadenAmazon's reach into health care, but accepting HSA and FSApurchases also broadens Amazon's insights into customer needs andspending on health. (Photo: Shutterstock)

Wading in even deeper to the health care arena, Amazon has announced thatcustomers can now pay for appropriate purchases, such as coldmedications and glucometers, with their health savings accounts andflexible spending accounts.

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

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Marlene Satter

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

Consumer Driven Health Care
Core and Group Health
Cost-Containment
Employee-Paid