drugstore.com Aligns With New FSA Transaction Standards to Identify Eligible Over-the-Counter, Vision and Pharmacy Products

Tuesday, November 18, 2008 General News
Email Print This Page Comment bookmark
Font : A-A+

BELLEVUE, Wash., Nov. 17 drugstore.com, inc.,(Nasdaq: DSCM) a leading online retailer of health, beauty, vision, andpharmacy products has implemented the new uniform point-of-sale systemidentifying FSA eligible transactions ahead of the scheduled deadline. The IRSis requiring retail pharmacies to operate a certified Inventory InformationApproval System (IIAS) by January 1, 2009, which limits the use of FSA debitcards to eligible products only. The drugstore.com IIAS, established in 2004,is now certified by SIGIS, an industry group established to standardizerequirements for operating an IIAS as mandated by the IRS.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM043LOGO)

"drugstore.com has long supported standards to help FSA account holdersmaximize their health savings dollars for prescription and non-prescriptionitems," said David Lonczak, vice president and chief marketing officer,drugstore.com. "We make FSA shopping very easy for our customers with asingle-stop for a wide selection of more than 3,000 eligible over-the-counterproducts conveniently organized into one store with links to order from ourpharmacy and our contact lens subsidiary."

Now, more than ever before, consumers are looking for ways to stretchtheir budgets and FSA programs lower the cost of purchasing essential healthproducts. This time of year FSA account holders need to make decisions abouthow to use the remaining health dollars in their accounts or risk losing them.Many FSA plans require account holders to spend that money by the end of thecalendar year; others have until March 15, 2009.

drugstore.com helps customers make educated decisions about spending theiraccount dollars wisely because it is the only retailer with a dedicated FSAstore displaying eligible products http://www.drugstore.com/fsa. For example,the store carries everyday health essentials such as acid reducers, painkillers and bandages. Customers can also find more specialized medical devicessuch as glucose monitors for diabetes, blood pressure monitors, adefibrillator and electric scooters for mobility.

For prescription contact lenses, customers can order from Vision Directhttp://www.visiondirect.com, a wholly-owned subsidiary of drugstore.com andthe second largest online retailer of contacts in the United States.Prescription drugs are available from the drugstore.com pharmacy, afully-licensed US pharmacy able to ship medication to all 50 states.

To make FSA shopping even easier, drugstore.com manages the accountingwork for FSA customers. All FSA debit cards are now accepted and customers whoneed receipts for reimbursement can print out an FSA-only receipt for any timeperiod simply by logging into their online account.

drugstore.com offers customers free shipping on most ordershttp://www.drugstore.com/shipping, 5% back through the drugstore.comdollars(TM) loyalty program, and valuable "click and save" instant onlinecoupons for many everyday essentials including FSA-eligible products.

About drugstore.com, inc.

drugstore.com, inc. (NASDAQ: DSCM) is a leading online retailer of health,beauty, vision and pharmacy products. Our portfolio of brands include:drugstore.com(TM), Beauty.com(TM) and VisionDirect.com(TM). All are accessiblefrom http://www.drugstore.com and provide a convenient, private, andinformative shopping experience while offering a wide assortment of more than40,000 products at competitive prices.

The drugstore.com pharmacy is certified by the National Association ofBoards of Pharmacy (NABP) as a Verified Internet Pharmacy Practice Site(VIPPS) and operates in compliance with federal and state laws and regulationsin the United States.Media Contact: Anne Marshall 425.749.2667 amarshall@drugstore.com

SOURCE drugstore.com, inc.

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z


News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store