In what is one of the most significant offerings in support of consumers using HSAs, drugstore.com, inc. has created an online store designed for Health Savings Account (HSA) holders.
An estimated 8 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses.
The new drugstore.com HSA Store located at www.drugstore.com/hsa identifies more than 3,000 HSA-eligible products, automatically tracks purchases, provides an HSA-only receipt and offers additional resources to help users of consumer-driven health plans record expenses for tax purposes.
Since record keeping is critical for HSA plans, drugstore.com has formed a relationship with www.Doclopedia.com to provide a free online personal medical organizer for recording medical history, doctor visits and prescription drugs. Customers may link to the HSA Tracker from the HSA Store home page.
“Many HSA users don’t realize the IRS requires documentation of how expenses are health related to be tax deductible,” said Dan Lieberman, M.D., CEO of Doclopedia. “The HSA tracker records medical information in categories approved by the IRS, links them to a person’s medical history, and then prepares reports at tax time.”
“Unlike brick-and-mortar stores, the online retail environment is uniquely qualified to provide a convenient solution for HSA account holders by creating a store with eligible products all in one place,” said David Lonczak, vice president and chief marketing officer, drugstore.com. “We’re pleased to add this new service for customers with HSAs in addition to our popular Flexible Spending Account or FSA Store.”
drugstore.com’s HSA and FSA stores are available to all consumers. In addition to shopping in the over-the-counter stores, customers may also purchase prescriptions from the drugstore.com pharmacy and contact lenses from drugstore.com at www.visiondirect.com. First-time customers of drugstore.com can receive a 15 percent discount on their first purchase of select items. More information is available at www.drugstore.com/hsa-info.
Customers can shop on www.drugstore.com 24 hours a day, seven days a week from the comfort and privacy of their own home with the benefit of home delivery. They may take advantage of many convenient features such as Auto Delivery to have items automatically delivered every 30, 45, 60, 90 or 180 days or Your List, which reminds customers what items they have previously purchased. The online store also features shopping guides, product comparisons, articles, and additional product content
The drugstore.com pharmacy is certified as a Verified Internet Pharmacy Practice Sites (VIPPS) by the National Association of Boards of Pharmacy (NABP) as a fully licensed U.S. facility exercising competent, safe pharmacy practices in compliance with federal and state laws and regulations and able to ship prescription medications to all 50 states. The pharmacy provides a broad selection of over 5,000 medications, including hard-to-find specialty drugs for cancer, growth deficiency, multiple sclerosis, HIV, hepatitis and infertility.