BELLEVUE, Wash. Drugstore.com made available a new online store designed for Health Savings Account holders, the online retailer announced on Monday.
An estimated 4.5 million lives are covered by consumer-driven HSA plans, which require consumers to maintain records of eligible expenses. The new site, <a title="www.drugstore.com/hsa" href="http://www.drugstore.com/hsa" />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.
The largest HSA benefits administrator, Exante Financial Services (a UnitedHealth Group company), is the first to partner with drugstore.com to provide clients with direct access to a co-branded HSA website.
"We strive to make saving and spending through the Exante Bank HSA simple, affordable and accessible," stated Todd Berkley, vice president, account-based solutions, Exante Financial Services. "Exante Bank’s partnership with drugstore.com achieves these goals. The store takes the guesswork out of identifying eligible products, takes the Exante Bank HSA debit card as payment and tracks purchases so that expenses can be easily recorded for tax purposes."
"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," stated 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." Exante Financial Services also hosts a FSA Store on drugstore.com.
Since record keeping is critical for HSA plans, drugstore.com has formed a relationship with <a title="www.doclopedia.com" href="http://www.doclopedia.com/" />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.