Aeroflow Breastpumps accepts FSA/HSA accounts as payment options for breast pump parts and accessories — as long as the account has a Visa or Mastercard payment option, simply enter in your information like any other debit card at checkout to get the breastfeeding products you want and need.
Your Aeroflow Breastpump Specialist will send you an itemized receipt of your purchase so you can submit a claim with your insurer or employer.
What is a Health Savings Account (HSA)?
- Health Savings Accounts were created in 2003 so that individuals with high-deductible health plans (HDHP) can save money tax-free to be used for medical expenses.
What is a Flexible Spending Account (FSA)?
- A Flexible Spending Account allows individuals to set aside a portion of their earnings to pay for qualified medical expenses. FSA’s are normally set up through a “Cafeteria Plan,” which is an employee benefit plan that allows employees to choose from different types of benefits.
Will my HSA/FSA funds roll over to the next year if they are not used?
- HSA funds will automatically roll over and accumulate year to year if not spent. Unlike HSA plans, your FSA funds will not always carry over. Before the Affordable Care Act, a significant disadvantage of using an FSA account was that funds left over at the end of the year would not carry over to the following year. Now, some plans permit up to $500 to be carried over. If you are unsure if your plan allows for rollovers, contact your insurance provider for clarification.
What can I buy with my FSA/HSA funds?
- Qualified expenditures include a variety of breast pump accessories as well as Insurance Upgrade Breast Pumps!
FSA/HSA Information
Aeroflow Breastpumps accepts FSA/HSA accounts as payment options for breast pump parts and accessories – as long as the account has a Visa or Mastercard payment option, simply enter in your information like any other debit card at checkout to get the breastfeeding products you want and need. Your dedicated Specialist will send you an itemized receipt of your purchase so you can submit a claim with your insurer or employer.
What is a Health Savings Account (HSA)?
Health Savings Accounts were created in 2003 so that individuals with high-deductible health plans (HDHP) can save money tax-free to be used for medical expenses.
What is a Flexible Spending Account (FSA)?
A Flexible Spending Account allows individuals to set aside a portion of their earnings to pay for qualified medical expenses. FSAs are normally set up through a "Cafeteria Plan," which is an employee benefit plan that allows employees to choose from different types of benefits.
Will Any Unused FSA/HSA Funds Roll Over to the Next Year?
HSA funds will automatically roll over and accumulate year to year if not spent. Unlike HSA plans, your FSA funds will not always carry over. Before the Affordable Care Act, a significant disadvantage of using an FSA account was that funds left over at the end of the year would not carry over to the following year. Now, some plans permit up to $500 to be carried over. If you are unsure if your plan allows for rollovers, contact your insurance provider for clarification.
What Can I Buy With My FSA/HSA Funds?
Qualified expenditures include a variety of breast pump accessories as well as Insurance Upgrade breast pumps!