Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) can help cover mobility and medical equipment expenses that you would otherwise need to pay for out-of-pocket. Funds contributed to FSAs and HSAs are not subject to federal income tax. The 2022 contribution limit for FSA accounts is $2,850.
Best Price Mobility carries a wide range of FSA/HSA eligible products that can be paid for using your FSA or HSA card. Please reach out to your employer, plan administrator, or health care provider for more info regarding your FSA/HSA account.
Frequently Asked Questions
Q: How do FSA and HSA accounts work?
You can use your FSA or HSA debit card to make purchases using the funds that are in the account. If you don't have an FSA/HSA card, you can pay using a regular credit or debit card and then submit the claim to your plan administrator (through your employer) to be reimbursed.
Q: How do I know if my FSA/HSA plan covers a specific product?
Please confirm expense eligibility with your employer or plan administrator, even if the product is marked as FSA/HSA eligible on the Best Price Mobility website. We will be happy to provide you with a product quote or any other details that your plan requires. You are responsible for submitting any required paperwork to your employer or provider.
Please reach out to our Sales Specialists at 1-833-866-3434 or [email protected]ility.com if you need additional product info.
Q: Which Best Price products are FSA/HSA eligible?
Not all products on Best Price's online store are FSA or HSA eligible. Use the “FSA/HSA Eligible” filter to see which products can be covered by FSA/HSA or look for the “FSA/HSA Eligible” tag on product pages under the “About this product” section.
Q: Are all FSA-eligible products also eligible for HSA?
Yes. Any Best Price Mobility product that can be purchased using an FSA card can also be purchased using an HSA card.
Q: What if the product costs more than the funds in my FSA/HSA account?
If the item you're looking to purchase costs more than the funds in your account, please reach out to us at 1-833-866-3434. The Best Price team can help split the payment so that a portion can be covered using FSA/HSA and the remainder can be paid for separately.
Q: Do my FSA funds expire?
FSA funds need to be used before the end of the plan year, although many employers offer an additional 2.5-month grace period. Contact your plan administrator for further info about when your funds need to be used by.
Q: What's the difference between FSA and HSA?
HSA accounts have higher limits than FSAs, and any unspent funds roll over at the end of the year. This makes them a more flexible option than FSA accounts. However, unlike FSAs, you need to be enrolled in a High-Deductible Health Plan (HDHP) to qualify for an HSA account, which may not be the best option for some plan holders.
Q: What is the FSA limit for 2020?
The FSA contribution limit is $2,850 for 2022 (up from $2,750 in 2021).