Flexible Spending Account Eligibility
Did you know TENA Products are covered by Flex Spending Accounts?
What is a Flex Spending Account?
Flex Spending Accounts (FSA) are optional pre-tax spending accounts offered through many employer healthcare policies that help consumers pay for healthcare related costs like perscriptions, co-payments, or medical supplies on a pre-tax basis. With an FSA, you can reduce your taxes while paying for services that you’d purchase anyway. To sign up for FSA, check with your employers benefits department.
Recently the IRS applied a 2 1/2 month extension to your previous years FSA funds. You'll need to check with your employer to see if this extension applies to your account.
How do you Use and Save with FSA?
FSA designated funds are deducted from your paycheck pre-tax, lowering your total taxable income. These funds are now specifically designated for predetermined healthcare costs. Once you enroll in the FSA program, employers will automatically deduct funds and place them into your FSA account. Learn More about eligible expenses.
How Can I use my FSA on my TENA Products?
It's easy! Some FSA programs let you use an FSA debit card at checkout in store to pay for eligible expenses like TENA liners, pads, underwear and briefs. Other programs require you to submit their employer specific reimbursement form. For these purchases and when you buy directly from our website, TENA.us, pay for your products, keep the receipt and then complete & submit a reimbursement form.The reimbursement form, is usually available when you login into your online FSA account,. Detailed instructions are usually included with the form. Your program will process your request promptly and reimburse you either through direct deposit into your bank account or send you a check.
What is the deadline for expenses?
FSA funds are limited to an annual "use-it-or-lose-it" forfeiture. plan all your expenses and surplus funds wisely when making your end of year purchases. Typically, all expenses and reimbursement forms must be submitted before December 31st of the calendar year in order for those purchases to be eligible for savings.
Remember that reimbursement submissions are allowable till March 31st of the following year.