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3 Little Known Facts about Visa Healthcare cards offered with Flexible Spending Accounts that will put money in your pocket

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This is a sponsored post written by me on behalf of Visa. All thoughts and opinions are my own.

  1. You can pay for braces with your Visa Healthcare card. Our oldest just went to the orthodontist for the first time. Truthfully, we’d been putting it off for months because we had an inkling that we would hear “she’s going to need braces” and according to many friends, braces do not come cheap. Well, because I have a Flexible Spending Account through my employer, we were able to pay for the treatment using our Visa Healthcare card and it barely affected our family’s monthly budget. As a bonus, our amazing ortho gave us a discount for paying in full up front.
  2. It’s not a “Use it or Lose it” system anymore. The day after Christmas 2009, I realized we had $80 in our Flexible Spending Account and only 5 days left in the year. In 2009, this meant that $80 would be “lost” and I would not be able to roll it over into the following year’s account. I got very wise and sent my wife to the pharmacy to try and find $80 of eligible healthcare related merchandise. The upside was that we didn’t need to buy bandages again until 2012! Now, employers may choose to provide a Flexible Spending Account with a carryover option that lets employees carry over up to $500 of unused funds.
  3. A Convenient Way to Pay. The idea of saving receipts and submitting paperwork for every box of bandages you buy is overwhelming. Now, most pharmacies, grocery stores and other retailers that sell healthcare products can identify those covered items at the time of payment. By using a Visa Healthcare card to access funds from your Flexible Spending Account at these locations, you no longer have to pay out-of-pocket and then submit receipts to be reimbursed for your medical expenses, saving you time and money!

Using a Visa Healthcare card will provide you and your family an easy and convenient way to use pre-tax dollars in your Flexible Spending Account to pay for your medical expenses. To learn more about Visa Healthcare cards, check out visa.com/healthcare.