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What is HSA and FSA? Everything You Need to Know.

Posted by Source Ortho on 31st Dec 1969

What is HSA and FSA? Everything You Need to Know.

What is FSA and HSA?

Flex Spending Accounts (FSA) and Health Savings Accounts (HSA) are personal accounts that are used for medical expenses insurance may not cover directly. They are pre-tax dollars placed into an account by either an individual or their employer to help cover out of pocket medical expenses.

What is the Difference Between HSA and FSA?

The main difference between an HSA and an FSA is that a Health Savings Account is typically provided to an individual by their employer if they have a high deductible health plan, with funds able to roll over from year to year.

A Flex Spending Account is also generally provided by an employer but the full balance does not roll over from year to year and typically has a lower limit for the total amount of funds that can be placed in the account per year.

Generally speaking, an individual with an HSA is able to keep the funds once they move on from a job, whereas an individual with an FSA cannot.

Both an FSA and HSA cover the same types of products and services.


Are All Source Ortho Products HSA/FSA Eligible?

Many products sourceorotho.net are eligible to be purchased with either FSA or HSA, including:

  • Cold Packs
  • Thermometers
  • Walking Boots
  • Supplements/Vitamins
  • Orthopedic Braces
  • Shoulder Slings
  • Knee Braces
  • Heating Pads
  • Neck Braces
  • TENS Units (with prescription)
  • Traction Devices (with prescription)
  • Motorized Cold Therapy Units (with prescription)

For a full list of items and services that are generally covered by FSA and/or HSA, click here.

To find out which products are available for purchase with your specific FSA or HSA, we recommend contacting your insurance provider.

What Items Are Not Covered By HSA or FSA?

While many products on SourceOrtho.net are covered under FSA or HSA, there are a few items that are not eligible, including:

  • Fitness Equipment
  • Dumbbells
  • Treatment Tables
  • Ultrasound Equipment
  • Face Masks
  • Gloves
  • Hand Sanitizer

For a full list of items and services that are generally covered by FSA and/or HSA, click here.

To find out which products are available for purchase with your specific FSA or HSA, we recommend contacting your insurance provider.

Can I purchase items that require a prescription with my HSA or FSA?

Yes, you can purchase items that require a prescription with your HSA or FSA as long as it is an eligible item. We recommend reaching out to your insurance provider to check eligibility of the item you are wanting to purchase.

How Do I Checkout with My FSA/HSA Card?

To make a purchase with your FSA or HSA card/account, simply checkout as you would with your credit or debit card online.

Do I Have to Use an FSA/HSA Card to Checkout?

No, we accept most major credit cards as well as PayPal, ApplePay, GPay, and Affirm as payment on our website.

Do You Accept Insurance?

We do not bill or accept insurance on sourceortho.net. We recommend contacting your insurance provider to see if they will reimburse you post purchase.

How Do I Know Which Products are FSA/HSA Eligible?

Many items found on SourceOrtho.net are eligible to be purchased with your FSA or HSA card. However, we recommend checking with your provider to get a full list of items eligible with your provider.

To see the full list of eligible items and services, click here.

Can I Return Products Purchased with FSA/HSA?

Yes, you can return products purchased with FSA or HSA as long as they are within our return window and/or are eligible for return.

Read our full return and exchange policy here