Get the health supplies you need with your flexible spending account
A flexible spending account (FSA) is a benefit plan that's arranged with your employer that allows you to withhold pre-tax dollars from your regular paycheck to cover the cost of certain health care expenses. By contributing to your FSA, you're participating in an economical way to reduce your taxable income and save money on health care essentials at the same time. At Walmart, we offer plenty of easy ways and Every Day Low Prices to help you get the medical supplies and prescriptions you need while fully utilizing your FSA.
You may enjoy several benefits of having an FSA:
Employer contributions may be excluded from your gross income.
No employment or federal income taxes are deducted from those contributions.
Withdrawals may be tax free if you pay for certain medical expenses. A qualified medical expense is specified in the plan and will generally qualify for a medical and dental expenses deduction. Non-prescription medications (other than insulin) aren t considered qualified medical expenses for FSA purposes.
You can withdraw funds from the account to pay for qualified medical expenses even if you haven t yet placed the funds in the account.
Qualifying for an FSA
Health FSAs are employer-established benefit plans. These may be offered in conjunction with other employer-provided benefits as part of a cafeteria plan at your job. Employers have complete flexibility to offer various combinations of benefits when they design their plan. People who are self employed aren t eligible for FSAs.
Products that qualify for FSA coverage
Qualifying items from Walmart online are marked with an FSA symbol to make them instantly recognizable. When you're in a store, your receipt at the checkout will show qualified products with an "H" to the right of the item code (UPC) and provide a subtotal of the FSA-eligible purchases.
Walmart's system is designed to recognize qualified items based on the eligibility requirements in the IRS guidelines. If you use an FSA debit card to purchase items, only those items that meet the requirements are debited from your FSA. You must pay for non-eligible items with another form of payment. When you buy over-the-counter (OTC) medications, most of them are only eligible for pre-tax healthcare account reimbursement when you purchase them along with a prescription. In many cases, up to $500 of your unused FSA funds can carry over to the following year.
Program eligibilities vary, and only your plan administrator can tell you exactly which products and services qualify. Many over-the-counter medications are only eligible for pre-tax healthcare account reimbursement when you purchase them with a prescription.
Some of our featured FSA categories include:
Eye and Contact Care
How to pay with FSA funds
When you shop online at Walmart.com, you'll email or print out and submit the purchase confirmation page to your FSA account administrator for reimbursement. When you're shopping in-store at your local Walmart, you'll have two options:
Use an FSA debit card that your health insurer supplies, and the cost of your eligible healthcare purchases are automatically deducted from your account. There's no need to submit any receipts.
If you don't have an FSA debit card, save your receipts. They'll identify the FSA-eligible items with an "H" to the right of the item code (UPC). Then submit the receipts to your insurer for reimbursement.
Walmart's item validation program
When you present your participating FSA card for payment, our cash registers only charge the FSA card for the eligible items. The non-eligible items require payment with cash, check or another form. If your FSA card isn't accepted at your Walmart or Sam's Club for a specific purchase, it's probably because the item(s) you're purchasing aren't FSA-eligible.
It's also possible that the specific FSA program in which you're enrolled doesn't participate in Walmart's FSA item validation program. Please be aware that there are many FSA processors, and not all of them have signed an agreement to participate. To use an FSA card, simply inform your TPA or insurance administrator that you'd like them to participate in Walmart's FSA item validation program.
Sometimes there will be instances in which your specific FSA administrator may not have entered into an agreement with Walmart stores, but we can still accept your card. In this situation, your FSA administrator may be limiting your purchases to the co-pay amount or multiples of the co-pay amounts. The transaction might also be declined if you don't have a prescription on file in the Walmart Pharmacy system. If you're unable to use your FSA card for any reason, contact your benefits administrator for assistance.