BELLEVUE, Wash., Aug. 13 drugstore.com, inc.(Nasdaq: DSCM) a leading online provider of pharmacy, health, beauty andvision products today announced the availability of a first of its kind onlinestore designed for Health Savings Account (HSA) holders. An estimated 4.5million lives are covered by consumer-driven HSA plans, which requireconsumers to maintain records of eligible expenses. The new drugstore.com HSAStore located at http://www.drugstore.com/hsa identifies more than 3,000HSA-eligible products, automatically tracks purchases, provides an HSA-onlyreceipt and offers additional resources to help users of consumer-drivenhealth plans record expenses for tax purposes.
The largest HSA benefits administrator, Exante Financial Services (aUnitedHealth Group company), is the first to partner with drugstore.com toprovide clients with direct access to a co-branded HSA website.
"We strive to make saving and spending through the Exante Bank HSA simple,affordable and accessible," said G. Todd Berkley, vice president,account-based solutions, Exante Financial Services. "Exante Bank's partnershipwith drugstore.com achieves these goals. The store takes the guesswork out ofidentifying eligible products, takes the Exante Bank HSA debit card as paymentand tracks purchases so that expenses can be easily recorded for taxpurposes."
"Unlike brick-and-mortar stores, the online retail environment is uniquelyqualified to provide a convenient solution for HSA account holders by creatinga store with eligible products all in one place," said David Lonczak, vicepresident and chief marketing officer, drugstore.com. "We're pleased to addthis new service for customers with HSAs in addition to our popular FlexibleSpending Account or FSA Store." Exante Financial Services also hosts a FSAStore on drugstore.com.
Since record keeping is critical for HSA plans, drugstore.com has formed arelationship with http://www.doclopedia.com to provide a free online personalmedical organizer for recording medical history, doctor visits andprescription drugs. Customers may link to the HSA Tracker from the HSA Storehome page.
"Many HSA users don't realize the IRS requires documentation of howexpenses are health related to be tax deductible," said Dan Lieberman, M.D.,CEO of Doclopedia. "The HSA tracker records medical information in categoriesapproved by the IRS, links them to a person's medical history, and thenprepares reports at tax time."
drugstore.com's HSA and FSA stores are available to all consumers. Inaddition to shopping in the over-the-counter stores, customers may alsopurchase prescriptions from the drugstore.com pharmacy and contact lenses fromdrugstore.com at http://www.visiondirect.com . First-time customers ofdrugstore.com can receive a 15 percent discount on their first purchase ofselect items. More information is available athttp://www.drugstore.com/hsa-info.
Customers can shop on www.drugstore.com 24 hours a day, seven days a weekfrom the comfort and privacy of their own home with the benefit of homedelivery. They may take advantage of many convenient features such as AutoDelivery to have items automatically delivered every 30, 45, 60, 90 or 180days or Your List, which reminds customers what items they have previouslypurchased. The online store also features shopping guides, productcomparisons, articles, and additional product content
The drugstore.com pharmacy is certified as a Verified Internet PharmacyPractice Sites (VIPPS) by the National Association of Boards of Pharmacy(NABP) as a fully licensed U.S. facility exercising competent, safe pharmacypractices in compliance with federal and state laws and regulations and ableto ship prescription medications to all 50 states. The pharmacy provides abroad selection of over 5,000 medications, including hard-to-fin