Question

What does "FSA" stand for on my receipts and on signs throughout the store?

Answer

FSA stands for Flexible Spending Account. It is the money set aside (tax free) every year that is to be used for health care related expenses, such as prescriptions and over-the-counter medications. Individuals determine the amount they want to place in their FSA, and then any qualifying purchase they make will be deducted from the account. Often times you receive a FSA card, which you then use like a normal credit card that deducts each qualifying purchase automatically. Other times you will have to keep your receipts and submit them at a later time. But be careful, any money left in the FSA at the end of the year is lost. So be wise in determining how much to place in your account. It is also important to be aware of what is covered.

Shop for FSA products on Walgreens.com.

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