Walmart is the most frequented and popular convenience stores in the United States. In fact, there are currently almost 5,000 stores that are active most of the day and receiving new and established customers.
Of course, being a world-renowned company, it provides multiple payment methods to pay for its products or services. Including cash payments, debit or credit cards, mobile payments, checks, deposits, and online purchases, among others.
However, for many, there are still question,s such as whether Walmart does drug testing, whether Walmart Pharmacy closes early or whether Walmart does Money Orders. But, a much more important question is whether it is possible to cancel at Walmart using a Flexible Spending Account.
Can I pay at Walmart with FSAs?
FSAs are a system of savings accounts in the United State, which serve to block the liability of a certain fraction of your payroll. Through them, you can collect a certain amount of money before the tax closing and use it to cover some social or medical expenses.
| Benefits FSA | |
| Coverage of medical expenses. | School expenses, regardless of educational level. |
| Cost of day care or preschool education. | Sales of furniture or real estate. |
| Dental or eye care. | Vacation contributions. |
| Contribute financially to your children's or legal spouse's medical bills. | Helps reduce the amount reflected on your tax return. |
As we can appreciate, when you are an employee you are entitled to be able to manage a flexible savings account or FSA. Everything that is saved comes from a fixed amount to which the holder is entitled and which is deducted from their paycheck.
This is a great savings benefit for your family and yourself. However, it should be noted tha, although it is possible to take care of all of the above, there are limitations.
How else can I pay at Walmart?
Although it’s unfortunate that you can’t pay for your Walmart products with your FSA savings, you can find many other ways to make your purchase thanks to the fact that this company is constantly searching for more accessibility for its users.
For that reason, even though it still has certain restrictions, we cannot ignore its great work accepting other payment methods, including the famous Walmart gift cards that grant you a balance redeemable on all kinds of products found in the store.
Among the means of cancellation accepted at Walmar,t we can find:
- Debit or credit cards
- Mobile payment
- Electronic transfers through Cash App, PayPal or Venmo
- Coupons from government food programs such as WIC
- EBT card
It is worth mentioning that many of the products selected in the FSA program are available to you at Walmart as long as you can transfer the saved funds to any of the methods described above.
Where can I pay with FSAs?
Having an employee FSA account is extremely helpful for those who are heads of household, meaning that they bear the brunt of the monetary burden or can help if you consider yourself a person with a lot of annual medical expenses, since this is one of the benefits they offer.
And, although Walmart is not one of the places where you can shop with it, there are still many places where you can use it. Such is the case with these renowned companies:
- CVS
- Target
- Amazon
- Walgreens
- Optum Store
In addition, these monetary benefits can also be used at gas stations as long as you ask ahead of time, and of course, they have on their shelves the products allowed to be purchased with the balance saved in your FSA.
These, since they also contain a wide range of products or necessities, are equally eligible for the FSA program. Therefore, regardless of whether it is an online or personal purchase, you can use the funds accumulated in your FSA.
References
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“Does Walmart Accept FSA Cards Online? – Grants for Medical.” Grants for Medical, https://www.grantsformedical.com/does-walmart-accept-fsa-cards-online.html.
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“FSA HSA Store.” Walmart, https://www.walmart.com/cp/fsa-hsa-store/6120851.
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Helhoski, Anna, and Kate. “Flexible Spending Account (FSA) Explained – NerdWallet.” NerdWallet, https://www.nerdwallet.com/article/health/what-is-flexible-spending-account.
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“HSA–FSA Payment Card for Health Care Expenses | Optum.” Optum – Health Services Innovation Company, https://www.optum.com/library/health-finances/page.hub.hsa-fsa-payment-card.html#.
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O’Banion, Thomas. “Maximizing Your Flexible Spending Account With Your FSA Debit Card.” Captain Contributor, https://captaincontributor.com/fsa-debit-card/#.
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“Where To Shop | FSA Guide.” FSA Guide, https://fsaguide.com/how-to-shop/where-to-shop/.