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iPad or iPod With your FSA money

JWJ 83 41 December 31, 2011 at 06:57 AM in Finance (6)
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Today is the last day to spend your FSA dollars, and if you are like me and have a too much money left in your account, check out this site. http://www.mediafsa.com Looks like you can buy a package that includes an iPod or iPad along with a Withings blood pressure monitor.

Blood Pressure monitors are FSA eligible and don't require a doctors prescription, and you need the iPad or iPod to use, so looks legit. http://www.wageworks.com/employee...es/fsa.htm I was not able to get my flex spending CC to work, so I am just going to submit my receipt for reimbursement.
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Last Edited by JWJ February 25, 2012 at 08:08 AM
Most FSA should allow the below over the counter.

Bandages and related items (over-the-counter) Yes
Birth control (over-the-counter) Yes
Blood pressure monitor Yes
Cholesterol test kits and supplies Yes
Condoms Yes
Diabetic monitors, test kits, strips and supplies Yes
Fertility monitor (over-the-counter) Yes
Flu shots Yes
Mileage (for travel to/from eligible health care) Yes
Pregnancy tests (over-the-counter) Yes
Reading glasses (over-the-counter) Yes
Transportation, parking and related travel expenses (essential to receive eligible care) Yes
Wound care (over-the-counter) Yes

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Yep, I bought the iPad and blood pressure set. Shipping was a little slow but I got it about a week and half after I ordered. The monitor is really cool how it can track the history and you can both use it on your new iPad (which I love by the way, no real shocker) and on the web.

I also had no trouble with my FSA. All I had to do was submit the paperwork and it was approved no problem.

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From Phasers:

Wow there are so many inaccuracies in this thread, it's ridiculous.

1) FSA Dollars are still YOUR dollars to spend, just on a pretax basis. If you don't spend them, then you forfeit them to your employer.

2) If the iPad 2 is bundled correctly with the blood pressure monitoring device, then it IS INDEED eligible for FSA reimbursement. Your FSA can't determine what is medically neccessary and what isn't, just what it eligible. And if it is eligible, they have to reimburse you.

Edit: In this case the iPad/iPod is necessary to get results from the blood pressure monitoring device, so it is neccessary to the operation of the device, so the bundling seems to be done correctly. Again, the FSA plan CANNOT tell you what is a reasonable price or give you a price range to stay in because it is YOUR money. So if you want to spend $729 on a blood pressure device, that's your business.

3) For all those "OMG the IRS will eat your first born posts", all you have to say is that you purchased the package because the iPad is NEEDED to use the blood pressure monitoring stuff. Doesn't mean you can't use it for other stuff as well. Also, I believe that this burden of eligibility falls on the FSA plan administrators not the individual.

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#3
Quote from JWJ View Post :
Today is the last day to spend your FSA dollars, and if you are like me and have a too much money left in your account, check out this site. http://www.mediafsa.com Looks like you can buy a package that includes an iPod or iPad along with a Withings blood pressure monitor.

Blood Pressure monitors are FSA eligible and don't require a doctors prescription, and you need the iPad or iPod to use, so looks legit. http://www.wageworks.com/employee...es/fsa.htm I was not able to get my flex spending CC to work, so I am just going to submit my receipt for reimbursement.
Thanks!!

I will send this to my colleagues who have a lot of money left in their fast accounts.
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#4
Lol at $729 for an iPad that's an awful price, but it beats throwing the money away I guess.
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Joined May 2006
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#5
Yeah, I noticed the prices are higher than normal, but it is for the iPad and blood pressure monitor, and like you said, much better than giving the money back to the government. I would much rather get an iPad than let my flex money go to waste.
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#6
wonder what type of ipad it is, can't find it on the site
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#7
Assume this is also good with HSA dollars too
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#8
Thanks OP for reminding me. I almost forgot.
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#9
Quote from ninevolt View Post :
Assume this is also good with HSA dollars too
Why would you spend HSA money? HSA money rolls over to the next year (hence the S for SAVINGS). Flex spending (FSA) accounts are a use it or lose it plan - but the idea behind an HSA is that you save money in years when you are healthy to spend in worse years. Presumably being sick does not include really, really really wanting an iPad.
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#10
So glad my fsa rolls over my girlfriend scrambled to spend hers. She just bought a bunch of contacts. If I in/ew this she would a went with the I pad but oh well maybe next year
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Joined Jan 2010
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#11
I want an iPad!
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#12
Quote from HarryJ View Post :
Presumably being sick does not include really, really really wanting an iPad.
Except in the land of endless Nanny State incentives.

This is nothing...come to Chicago if you want to see some really "entrepreneurial" uses of dependency programs.
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#13
Another way get around paying taxes.....
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#14
Quote from nszalewski View Post :
So glad my fsa rolls over my girlfriend scrambled to spend hers. She just bought a bunch of contacts. If I in/ew this she would a went with the I pad but oh well maybe next year

Lol, then you're the only person in America that has a FSA rolls over. FSA rolls over only until March (I think) of the next year. FSA does expire though, HSA does not.
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#15
Quote from HarryJ View Post :
Why would you spend HSA money? HSA money rolls over to the next year (hence the S for SAVINGS). Flex spending (FSA) accounts are a use it or lose it plan - but the idea behind an HSA is that you save money in years when you are healthy to spend in worse years. Presumably being sick does not include really, really really wanting an iPad.
Pretax dollars. That's the only upside i can see. Not necessarily saying I would do it, as you reasoning for saving is sound. My HDHP is lower than my HSA contribution, so I'm in the green every year by a good amount.
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