drugstore.com Launches New Web Store to Make it Easier for Consumers to Use Health Savings Accounts
August 13 2007 - 9:07AM
PR Newswire (US)
Exante Financial Services First Partner to Launch Co-Branded HSA
Store BELLEVUE, Wash., Aug. 13 /PRNewswire-FirstCall/ --
drugstore.com, inc. (NASDAQ:DSCM) a leading online provider of
pharmacy, health, beauty and vision products today announced the
availability of a first of its kind online store designed for
Health Savings Account (HSA) holders. An estimated 4.5 million
lives are covered by consumer-driven HSA plans, which require
consumers to maintain records of eligible expenses. The new
drugstore.com HSA Store located at http://www.drugstore.com/hsa
identifies more than 3,000 HSA-eligible products, automatically
tracks purchases, provides an HSA-only receipt and offers
additional resources to help users of consumer-driven health plans
record expenses for tax purposes. (Photo:
http://www.newscom.com/cgi-bin/prnh/20070813/AQM043) The largest
HSA benefits administrator, Exante Financial Services (a
UnitedHealth Group company), is the first to partner with
drugstore.com to provide 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 partnership with drugstore.com achieves
these goals. The store takes the guesswork out of identifying
eligible products, takes the Exante Bank HSA debit card as payment
and tracks purchases so that expenses can be easily recorded for
tax purposes." "Unlike brick-and-mortar stores, the online retail
environment is uniquely qualified to provide a convenient solution
for HSA account holders by creating a store with eligible products
all in one place," said David Lonczak, vice president and chief
marketing officer, drugstore.com. "We're pleased to add this new
service for customers with HSAs in addition to our popular Flexible
Spending Account or FSA Store." Exante Financial Services also
hosts a FSA Store on drugstore.com. Since record keeping is
critical for HSA plans, drugstore.com has formed a relationship
with http://www.doclopedia.com/ to provide a free online personal
medical organizer for recording medical history, doctor visits and
prescription drugs. Customers may link to the HSA Tracker from the
HSA Store home page. "Many HSA users don't realize the IRS requires
documentation of how expenses are health related to be tax
deductible," said Dan Lieberman, M.D., CEO of Doclopedia. "The HSA
tracker records medical information in categories approved by the
IRS, links them to a person's medical history, and then prepares
reports at tax time." drugstore.com's HSA and FSA stores are
available to all consumers. In addition to shopping in the
over-the-counter stores, customers may also purchase prescriptions
from the drugstore.com pharmacy and contact lenses from
drugstore.com at http://www.visiondirect.com/ . First-time
customers of drugstore.com can receive a 15 percent discount on
their first purchase of select items. More information is available
at http://www.drugstore.com/hsa-info. Customers can shop on
http://www.drugstore.com/ 24 hours a day, seven days a week from
the comfort and privacy of their own home with the benefit of home
delivery. They may take advantage of many convenient features such
as Auto Delivery to have items automatically delivered every 30,
45, 60, 90 or 180 days or Your List, which reminds customers what
items they have previously purchased. The online store also
features shopping guides, product comparisons, articles, and
additional product content The drugstore.com pharmacy is certified
as a Verified Internet Pharmacy Practice Sites (VIPPS) by the
National Association of Boards of Pharmacy (NABP) as a fully
licensed U.S. facility exercising competent, safe pharmacy
practices in compliance with federal and state laws and regulations
and able to ship prescription medications to all 50 states. The
pharmacy provides a broad selection of over 5,000 medications,
including hard-to-find specialty drugs for cancer, growth
deficiency, multiple sclerosis, HIV, hepatitis and infertility.
About drugstore.com, inc. drugstore.com, inc. (NASDAQ:DSCM) is a
leading online provider of health, beauty, vision, and pharmacy
products. The drugstore.com(TM) online store (
http://www.drugstore.com/ ) provides a convenient, private, and
informative shopping experience that encourages consumers to
purchase products essential to healthy, everyday living. The online
store offers thousands of brand-name personal health care products
at competitive prices; a full-service, licensed retail pharmacy;
and a wealth of health-related information, buying guides, and
other tools designed to help consumers make informed purchasing
decisions. Consumers can personalize their shopping experiences
with shopping lists, e-mail reminders for replenishing regularly
used products, and private e-mail access to pharmacists for
questions. About Exante Financial Services Exante Financial
Services (Exante) is focused on enhancing and serving the health
care financial needs of consumers, insurers, benefits
administrators, and health care professionals. Exante currently
manages over 1.2 million health care accounts, including HSAs, HRAs
and FSAs. It also produces innovative card technology and a host of
payment solutions for the health care industry. Exante Bank, Member
FDIC, is a Utah-state chartered industrial loan corporation located
in Salt Lake City, chartered in January 2002 by UnitedHealth Group
(NYSE:UNH). Exante provides consumer health financial services
capabilities to 17 independent health administrators.
http://www.newscom.com/cgi-bin/prnh/20070813/AQM043
http://photoarchive.ap.org/ DATASOURCE: drugstore.com, Inc.
CONTACT: Anne Marshall of drugstore.com, Inc., +1-425-372-3464, ;
or Joan Schimml of Exante Financial Services, +1-952-833-6582, ,
for drugstore.com, Inc. Web site: http://www.drugstore.com/
http://www.doclopedia.com/ http://www.visiondirect.com/
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