Manage your incontinence with FSA eligible urinary catheters – use-it-before-you-lose-it!

The shopping season is here, and so are the winters! Many of us are busy finishing holiday shopping at this time of the year, but for some of us, there is confusion in our minds: how to use any remaining dollars of FSA!!

What is an FSA and why use it for Urinary Catheters?

Your employer provides a Fixed Spending Account (FSA) to cover eligible medical expenses. Under this arrangement, your employer asks you to contribute the pre-tax part of your paycheck towards this account. You can use this amount for the FSA-eligible expenses as per IRS guidelines and your specific plan.

Shop Catheters offers a wide range of urinary catheters for both men and women. These catheters are most commonly used to extract fluids from the body. While catheters have multiple uses, they are most familiar to patients as tools used to manage incontinence to extract urine from the body in the form of a urinary catheter. Because of the catheters' various medical applications, it is eligible for FSA reimbursement or purchase with FSA cards.

Shop Catheters Accept FSA Cards

Shop Catheters accept your FSA cards for your qualified online purchases. You can buy FSA-eligible urinary catheters of various types such as – intermittent catheters, condom catheters, foley catheters, and qualified urological supplies and accessories such as leg bags, gloves, pouches, and tubes. Urological products are commonly sold Over-the-Counter (OTC) at drugstores and medical supply stores and are considered eligible for reimbursement with a consumer-directed healthcare account.

How does FSA work on Shop Catheters?

This plan is only for those who are employed in an organization. Freelancers and self-employed people are not eligible for this. An exception can be made with respect to the key employees and highly compensated individuals determined by the IRS standards. Always remember to use your FSA funds before the year ends otherwise, you will lose all the money. Remember that your FSA provider can choose to allow a grace period for you to use FSA funds or a carryover of a certain amount (for the year 2020 to 2021, it is up to $500 - $550) of FSA funds into the next year, but not both.

It is advisable to shop your FSA-approved (products/ incontinent products) up to a defined limit set by your FSA administrator or your employer. If the organization sets no such limit you are working in, then such purchase should be made within the limits of $2,750 as set and regulated by the ISR for the year 2020*.
For further tax-related queries and FSA visit: https://www.irs.gov/pub/irs-dft/p969--dft.pdf

When shopping with Shop Catheters, you can find two types of products: FSA and non-FSA. You can use your FSA debit, credit, store value card, or any card provided by your employer ONLY for FSA-approved products. You will be able to pay for your FSA items with an FSA card, and your entire basket will need to consist of FSA items for you to use your FSA card. The total amount of your qualified expenses will automatically be deducted from your Fixed Spending Account. You can also save your purchase confirmation page or receipt to your FSA account administrator for reimbursement.

How to make the best use of your remaining FSA dollars

Many people use FSA money to make a last-minute appointment to see the ophthalmologist or for dental-care visits, but they do not know other medical expenses that are eligible for FSA and can be worth their FSA dollars.

Shop Catheters offers a wide selection of catheters you can buy with your un-used FSA funds. These items are constructed with flexible materials and can be inserted into body cavities. They can be tailored for use in various medical applications and hence are eligible for FSA reimbursement. Here are few ways to use your FSA money:

Purchase Condom Catheters

This product is used by men who experience incontinence. Condom catheters feature a latex cover that goes over the penis and drains into a bag. These catheters must be changed every day for hygiene purposes.

 

Foley / Indwelling Catheters

This type of catheter is left inside the bladder for short or extended periods of time. These products come in two variants- with drainage bags and with valves. Drainage bags are used to collect the urine, while the catheters with valves in place can be opened to drain the urine from the collection area. These devices are inserted through the urethra and into the bladder, or through a small hole in the belly and into the bladder done at a doctor's office. Indwelling bladders are unique for the small inflated balloon on the end to prevent it from sliding out of the body.

 

Intermittent Catheter

Some patients do not want continuous use of catheters and for their intermittent use, they need intermittent self-catheters. These catheters are easy-to-use and designed to help patients enjoy a more active lifestyle without wearing a consistently draining catheter and drainage bag.

 

Urological Supplies

You can pull up your FSA wallet for purchasing adhesives and adhesive removers, insertion trays, catheter securement device and other urological supplies

 

While catheters can be adapted for many uses, patients who wish to buy them with healthcare FSA use them for urinary extraction, and therefore they opt for urinary catheters. These products are available in a variety of designs at Shop Catheters. Use your FSA card now!

NOTE/ Disclaimer - These suggestions documented here by us are related to the expenses currently sanctioned and acknowledged by the Internal Revenue System as deductible medical expenses. The list is not necessarily inclusive or exclusive. It is based on Shop Catheters interpretation of IRS Section 213(d), and it is not legal and/or financial advice.

If you are looking out for more accurate information or have some questions about reimbursable health care expenses which include FSAs should be referred to a tax consultant or your health care provider.

If you are using an FSA debit card for payments, all such products those are FSA-eligible must be ordered before December 29, 2020 for FSA funds expiring December 31, 2020. Payment is not charged until orders have shipped.

 

Disclaimer: All content found on our website, including images, videos, infographics and text were created solely for informational purposes. Our content should never be used for the purpose of diagnosis or treatment of any medical conditions. Content shared on our websites is not meant to be used as a substitute for advice from a certified medical professional. Reliance on the information provided on our website as a basis for patient treatment is solely at your own risk. We urge all our customers to always consult a physician or a certified medical professional before trying or using a new medical product.