Amazon takes another step into the medical space by accepting pre-tax health spending accounts – CNBC

Amazon takes another step into the medical space by accepting pre-tax health spending accounts – CNBC

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People buying medical supplies on Amazon, such as glucometers and cold medicine, can now use their flexible savings accounts or health savings accounts to get discounts. These programs, often referred to as an HSA or FSA, allow people with health insurance to set aside a portion of their salary before taxes to cover medical expenses that would have been paid for out-of-pocket, such as prescription medicines and medical supplies. In a statement to CNBC, Amazon said it's "excited to announce" the feature, which allows buyers to use their HSA or FSA debit cards towards eligible purchases. "Customers now have the flexibility to use FSA/HSA cards on a wide range of eligible over-the-counter purchases, eliminating the need to pay out-of-pocket or submit receipts for reimbursement, " the Amazon spokesperson said. Amazon started rolling out the offering to customers earlier this month, which was spotted by a few outlets and blogs. In recent years, Amazon has started adding more health and wellness products, including medical devices and over-the-counter medicines. Amazon's rival Walmart, which currently offers pharmacy services, also has a storefront for HSA and FSA products. The company also acquired an internet pharmacy company, PillPack, in the summer of ....


population, which is a chunk of the $450 billion pharmacy market. If it did that, those people might choose to use their health and flexible savings accounts. WATCH: Meet the 32-year-old CEO of the online pharmacy Amazon just bought for $1 billion . .

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