If you have health insurance, you may have access to FSA, or a Flexible Spending Account, which helps cover certain medical expenses and medical products.
In fact, Walmart has a vast selection of healthcare-related products. So, you might be asking, what are some FSA eligible items at Walmart? If you’d like to find out, keep reading!
What Are the FSA Eligible Items at Walmart In 2024?
Eligible FSA items at Walmart include mobility aids, personal care items, diabetes management products, and much more, which you can find on an FSA-designated page on Walmart’s website as of 2024. Currently, Walmart’s website doesn’t accept FSA debit cards. However, you can use FSA debit cards for in-store purchases at Walmart.
To learn more about FSA, like how to use the funds at Walmart, what happens to leftover FSA money, and how you find FSA eligible items on Walmart’s website, keep on reading!
What Is FSA?
FSA stands for Flexible Spending Account, a benefit account established by an employer that allows you to set aside pre-tax dollars to cover eligible medical expenses.
With FSA, you can save up to $2,700 per year per employer. Additionally, FSAs allow you to save money on certain medical costs that are covered by your plan.
Moreover, you can use your FSA funds to cover medical expenses and over-the-counter healthcare products that qualify for both you and any dependents you claim on your federal tax return.
How Do You Use FSA Dollars?
You can pay for FSA eligible items through reimbursements from your plan administrator.
You can also use your FSA card (similar to a debit card) to make purchases in-store, but you must first be enrolled in an FSA plan for your reimbursements to qualify.
What Products Are FSA Eligible at Walmart?
Fortunately, Walmart’s website makes it very simple to know which items are FSA eligible and which aren’t.
Further, Walmart has an entire page dedicated to FSA eligible items, which are then separated into more specific categories (you can find the Walmart FSA webpage here).
Moreover, the FSA eligible categories on Walmart’s website include the following types of products:
- Medical
- Home health
- Mobility aids
- Diabetes management
- Babycare
- Personal care
- Incontinence
- First aid
- Pain relievers
- Cold and sinus
- Eye and ear
- Vitamins and supplements
How Do You Pay for FSA Items on Walmart’s Website?
Currently, Walmart’s website doesn’t accept FSA cards as an acceptable payment method. Instead, you’ll have to use a credit, debit, or gift card to pay for your FSA-eligible items from Walmart.
Next, you can submit your order receipt to your plan administrator to be reimbursed. As well, make sure you keep track of your receipt to make the reimbursement process more manageable.
How Do You Use FSA In-Store at Walmart?
To use FSA funds in-store while shopping at Walmart, you can use your FSA debit card like you would any other debit card. After scanning your items at the checkout counter, first swipe your FSA debit card.
Next, Walmart’s system will automatically deduct the value of all the FSA eligible items in your order based on the products’ ID numbers.
Next, if you have any items remaining that aren’t FSA eligible, you’ll have to use an alternative payment method to pay for them.
Moreover, when you use FSA funds at Walmart, you don’t have to worry about keeping track of which products qualify and which don’t because Walmart’s system will automatically separate them.
As well, both Walmart and Sam’s Club use the same product software, which is helpful to know if you’re buying FSA products at Sam’s Club.
How Do You Get Reimbursed After Buying FSA Items Online at Walmart?
To receive your reimbursement for FSA eligible items you purchased online from Walmart, you need to submit your purchase receipt and an online or paper reimbursement form.
As you submit the correct documents, you can usually choose to receive your funds via direct deposit to a specific bank account or choose to receive a paper check.
However, some FSA plan policies differ, so make sure you check with yours to ensure you’re following the proper reimbursement procedure.
What Happens to Your Money If You Don’t Use All Your FSA Dollars?
As previously mentioned, FSA allows you to save up to $2,700 a year on qualifying products.
However, if you don’t use all the money within the calendar year, that doesn’t mean the money is automatically lost.
For example, some plans allow you to carry over $500 to the following calendar year. Other FSA plans also offer a grace period of up to two months and 15 days at the beginning of the next calendar year to spend all your unused funds in your account.
As you may conclude, the standard for what happens to unused money changes based on the FSA plan. Therefore, it’s best to review your plan thoroughly to ensure you don’t waste any funds.
What Insurance Companies Offer FSA?
There are several insurance companies that offer FSA, so it’s best to call your insurance company’s customer service and ask if you’re not sure. Still, here are some of the insurance companies that offer FSA:
- Humana
- Cigna
- Aetna
- UnitedHealthcare
Note that this is only a small list of companies that offer FSA funds to customers.
What Other Payment Methods Does Walmart Accept?
In addition to accepting FSA funds, Walmart accepts several other payment methods in-store and online. For example, some of the payment methods that Walmart accepts include the following:
- EBT (not accepted online in Alaska, Montana, or Louisiana)
- Debit cards (Visa, MasterCard, etc.)
- Credit cards (AmericanExpress, Discover, etc.)
- Gift cards
- CapitalOne Walmart credit cards
- PayPal
- Affirm
If you are looking to learn more, you can also read our posts on whether or not Walmart accepts Tricare, if Walmart accepts Visa & MasterCard gift cards, and if Walmart accepts GoodRx.
Conclusion
Walmart carries a vast selection of FSA eligible items, which are conveniently organized on Walmart’s website. When buying FSA items in-store, you can use your FSA debit card to deduct the value of eligible items automatically.
Next, you need to use a different payment method if any remaining items don’t qualify for FSA. Currently, Walmart’s website does not accept FSA debit cards, so you’ll need to file for a reimbursement.
