HSAs, FSAs in grocery
This article was originally published in The Tan Sheet
Executive Summary
Winn-Dixie grocery stores allow customers to use Health Savings Accounts and Flexible Spending Accounts for automatic processing of OTC purchases covered by the programs, the food retailer announces May 16. New software identifies qualified OTC and wellness products, automatically charges them to HSA or FSA accounts and subtracts the purchase amounts from customers' totals. Formerly, customers had to make a separate HSA or FSA purchase at the pharmacy counter. The company notes the effort is intended to increase customers' convenience for using HSA and FSA accounts, which allow pre-tax deductions for qualified medical expenses. Other retailers with similar programs include HSA-FSA Superstore, which operates online (1"The Tan Sheet" March 17, 2008, p. 15)...