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Amazon takes another step into the medical space by accepting pre-tax health spending accounts

https://www.cnbc.com/2019/03/15/amazon-accepts-fsa-and-hsa-accounts-for-medical-products.html
See More From: cnbc.com   ( Business & Career > Industry > Health Care )

Mar 15, 2019 4:27 PM 1+ week ago

Amazon takes another step into the medical space by accepting pre-tax health spending accounts

People buying medical supplies on Amazon, such as glucometers and cold medicine, can now use their flexible savings accounts or health savings accounts to get discounts.

These programs, often referred to as an HSA or FSA, allow people with health insurance to set aside a portion of their salary before taxes to cover medical expenses that would have been paid for out-of-pocket, such as prescription medicines and medical supplies.

Cramer: Bezos' Amazon Prime could upend the health-care system -- just look what it did to retail 2:07 PM ET Tue, 30 Jan 2018 | 00:51

In a statement to CNBC, Amazon said it's "excited to announce" the feature, which allows buyers to use their HSA or FSA debit cards towards eligible purchases.

"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," ...

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