HOW PAYING WITH HSA OR FSA SAVES YOU MONEY
HSA and FSA accounts let you pay for eligible expenses with pre-tax dollars helping you save money on qualifying products and services that treat, ease, or prevent a diagnosed medical condition.
Below is illustrative math and not tax advice or an order discount. Your savings depend on your tax rates and your health plan.
Try your own numbers
Federal, state and payroll tax combined.
Your Savings
on a order paid with pre-tax dollars at 25%
Illustrative only, not tax advice. Your own rates and your plan decide what you actually save. The yearly contribution limits are in IRS Publication 969.
What happens at checkout
Pick HSA/FSA in the payment list
If your order is eligible, the HSA/FSA payment option will be listed.
Answer a few health questions
A licensed health professional reviews your questionnaire answers.
COMPLETE PAYMENT
Use your HSA or FSA card or split the order across two cards.
RECEIVE YOUR LETTER OF MEDICAL NECESSITY BY EMAIL
Your letter of medical necessity is emailed to you after checkout. Maintain record of this for tax purposes.
Common questions
What are HSA and FSA accounts?
Both HSA and FSA accounts let you set aside money from your paycheck before taxes for eligible health expenses. An HSA is a health savings account and generally stays with you year after year. An FSA is a flexible spending account and usually has a yearly deadline. Not sure if you have one? Check with your employer or benefits provider.
Can I use my HSA/FSA at ERIK'S?
Yes. You can pay with HSA/FSA when you complete your purchase online. Due to the need for a medical letter of necessity and virtual review, this payment option is not available at our retail locations. However, you can purchase online for pickup in store.
How does it work?
Pick HSA/FSA in the payment list at checkout, answer a few quick health questions, and pay with your HSA or FSA card the same way you would use any other card. If your order needs a letter of medical necessity, it comes to you by email after you checkout.
Can I split my payment methods?
Yes. You can pay for all or a portion of your order with HSA/FSA and use another form of payment for the remaining balance
What is a letter of medical necessity?
Under IRS rules, some things you buy count as a medical expense only when they treat a specific health condition, not when they are for general health. A letter of medical necessity is a licensed provider's written opinion that a product may treat a condition you have.
Here is how it works. You answer a few health questions at checkout. A licensed health professional reviews your questionnaire answers. The questions do not hold up your order, so you pay and check out as normal. Your letter arrives by email after you check out. Keep it, because your plan may ask to see it. Not everyone qualifies, and your plan makes the final decision on any claim.
When should I use my HSA/FSA dollars?
You can use your HSA/FSA dollars any time of year. While HSA money generally stays with you year after year, FSA money typically has a deadline and many plans require to use or lose your funds by the end of the year. Check your plan's dates and requirements to maximize your personal benefit.
How long until I get my letter of medical necessity?
It arrives by email after you checkout. If you do not see it, check your spam folder first, then reach out to us through our contact page and we will help.
I don't have an HSA/FSA. Can I still benefit?
You need either an HSA or FSA account to use pre-tax money as payment on qualifying products. Many employers offer them during open enrollment, so it is worth asking your employer.
Are my medical data and questionnaire answers recorded and secure?
Your medical data is private. ERIK'S does not have access to nor stores any private information.
ROLL INTO HEALTHY LIVING
Pick HSA or FSA at checkout. Nothing else about your order changes.
SHOP ELIGIBLE PRODUCTSThe fine print
Some of what we sell may qualify as a medical expense under IRS rules. Some items need a letter of medical necessity, which is a written opinion from a licensed provider that a product may treat a specific condition you have. That review is done by a licensed provider through an independent partner, not by ERIK'S. Not everyone qualifies. No product on this site has been reviewed or approved for you in advance.
A letter is not a guarantee that your plan will pay. Your plan administrator, the company that runs your HSA or FSA, makes that decision, and plans differ.
ERIK'S is not a tax advisor, a medical provider, or a benefits administrator, and nothing on this page is tax, legal, or medical advice. For questions about your account or a claim, contact your plan administrator. For tax questions, talk to a tax professional.
There is a yearly cap on how much you can put into one of these accounts. The IRS publishes the current numbers in Publication 969.
