Shop HSA & FSA Eligible Items in California

What is an FSA or HSA?

A Flexible Spending Account (FSA) or Health Savings Account (HSA) is an account set up by your insurance provider that allows you to contribute income-tax-free dollars for the purpose of purchasing health, medical, or wellness items.

Can I use my FSA/HSA card at The Bone Store?

Yes! The Bone Store is registered as a medical supply store, and any transaction can be made using an FSA/HSA card.

What items can I purchase with my FSA/HSA card?

Any item in our store can be purchased using an FSA/HSA card; However, individual plans vary, and coverage from your plan is not guaranteed.

Does my FSA/HSA account have restrictions on what I can purchase?

The Bone Store is a retail medical supply store. We do not contract with any insurance, and therefore do not have access to individual account information. To know what the limitations and/or requirements are on your account, it is your responsibility to contact your provider and verify the terms of your policy before making a purchase.

Is there a difference between FSA and HSA?

Yes, there is a difference between an FSA and an HSA. A flexible spending account (FSA) is typically offered through an employer and is a use-it-or-lose-it fund, while a health savings account (HSA) is individually owned and rolls over yearly. An HSA is paired with a high-deductible health insurance plan, and contributions are tax-deductible, growing tax-free for qualified medical expenses.

Are receipts needed for an FSA reimbursement?

Receipts are required for an FSA reimbursement to validate that the purchase was for FSA-eligible expenses. The Internal Revenue Service mandates proper documentation to prove the medical necessity of the product or service. Submitting a pharmacy receipt or an itemized invoice from a physician is often necessary for approval.

What documentation is needed for reimbursements?

To receive a reimbursement, you must provide documentation that outlines the product description, the amount of the expense, the date of service, and the provider's name. Acceptable records include statements from a health insurance plan, detailed receipts for FSA eligible products, or a letter of medical necessity for services such as physical therapy or psychoanalysis. The use of a debit card linked to the flexible spending account may still require backup documentation if the expense is questioned.

Do HSA funds expire?

HSA funds do not expire because they belong to the individual and are part of a portable health savings account. These funds remain accessible throughout employment changes and can be used for future medical costs like childbirth or laser surgery. Only when funds are misused or not tied to HSA eligible products could tax penalties apply.

How can I determine which FSA eligible items I should prioritize?

To determine which FSA-eligible items you should make a priority for, evaluate your recurring health expenses, such as birth control, feminine hygiene products, or skin care treatments. Make sure to consider items that address frequent health concerns, like pain relief, such as ibuprofen or aspirin, or ongoing needs, like a thermometer or a first aid kit. Additionally, you should focus on personal and family needs across different areas, from orthodontics to dietary supplements, to make the most of your benefits.