What is a Flexible Spending Account

What is a Flexible Spending Account?

A Flexible Spending Account (FSA) is a money-saving health benefit that is used to offset the cost of medical expenses not covered by health insurance.  Through an account managed by an established administrator, an FSA allows you to save money tax-free from each paycheck.  That money can then be used for many over the counter medications and other health-related products and services.  Check with your employer to see if they offer an FSA program.

Why use a ValueCard-linked FSA?

Using an FSA is a convenient and efficient way to ensure that you are financially prepared for medical expenses not covered by your healthcare provider.  In addition to saving money, linking your FSA to a Kinney Drugs ValueCard makes accessing and managing your account easier than ever.  This feature also makes it easy to perform a number of capabilities:

• Track your qualified FSA purchases
• Monitor how much you are spending
• Compare FSA savings

Signing up for these services is simple.

How to Sign-up

• Follow instructions to enter your ValueCard number, provide a valid e-mail address, and create a user name and password.
• Check for confirmation e-mail, then follow the link provided.
• Log in with your user name and password to confirm and complete the registration process
• Then you can view and print your qualified FSA purchases to submit to your administrator for reimbursement.