FSA - Flex Spending Account Program Information
CVS Pharmacy is FSA Easy
FSA eligible online shopping aisle — FSA eligible items flagged on in-store receipts — FREE year end report to ExtraCare® cardholders
FSA Program Has Changed
As part of the Healthcare Reform Bill, HR 3590, effective January 15th certain OTC FSA eligible items are no longer eligible to be paid with an FSA debit card. These items now require a cash register receipt and a hard copy prescription from your prescriber to be submitted for reimbursement.
In most cases you can:
- Contact your health care provider for a hard copy prescription for the required OTC medication
- Purchase your OTC medication and obtain a cash register receipt
- Submit the cash register receipt and hard copy prescription to your benefits administrator for reimbursement
NOTE: Only your FSA administrator can provide you with the exact guidelines for reimbursement relative to your plan. Contact your FSA Administrator to learn more about the new reimbursement process and what you are required to do
What is FSA?
FSA stands for Flexible Spending Account. Some companies allow their employees to participate in an FSA program by setting aside pre-payroll tax dollars for health-related and medical expenses.
FSA Easy with each purchase
Shopping in store? FSA eligible items are flagged on every receipt.
CVS Pharmacy makes it easy to identify FSA eligible products by marking them with an "F" on your receipt. If you use an FSA debit card for purchasing over-the-counter health-related products, or for your prescription co-payments, our FSA easy store register system will automatically charge FSA eligible items* to your FSA debit card. You can then choose an alternative form of payment to cover any remaining items.
Shopping online? FSA eligible items are flagged and easy to find online.
When you shop online, you will see that we've flagged products as "FSA Eligible" to help you easily identify health-related nonprescription items that may qualify for your FSA plan. This flag will also appear on your invoice, order confirmation email and order history detail page.
Looking for FSA Eligible items all in one place?
FSA Easy after your purchases
FREE year-end report of FSA purchases you've made with your ExtraCare card.
To receive a report of the FSA eligible purchases you've made with your ExtraCare card — both in store and online — call our toll-free number 1-800-SHOP-CVS, and then press ext. 2 to speak with an ExtraCare representative. You can use the report to validate any health-related purchases that may be tax deductible.** And to substantiate any FSA eligible purchases made with your ExtraCare card going back 14 months. Additionally, the report could be used to help you estimate your future FSA withholdings.
You can request to have your report sent by US mail, or by email. This is a free service. It's just one of the many benefits of shopping at CVS Pharmacy with your ExtraCare card.
*Check with your benefits administrator; FSA eligible items may vary by benefits administrator.
**Check with your tax preparer or the IRS to determine if your heath-related purchases are tax deductible.