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.
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.
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/
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