Amazon accepts FSA in addition to HSA accounts for medical products

Amazon’s rival Walmart, which currently offers pharmacy services, also incorporates a storefront for HSA in addition to FSA products.

The company also acquired an internet pharmacy company, PillPack, inside the summer of 2018, signaling an interest in adding prescription medicines to its marketplace. the item at that will point incorporates a leader for that will pharmacy business, a veteran who helped build Amazon’s Kindle self-publishing platform. yet PillPack, which primarily serves older customers who take multiple medications, hasn’t been fully integrated into Amazon in addition to still operates independently.

Prescription drugs is usually a notoriously challenging product to offer, given the complex web of intermediaries that will sit between the drug producer in addition to the pharmacy. To sell prescription medicines, Amazon will need to work with middlemen, known as pharmacy benefits managers, in order to take a customer’s insurance.

Some health experts suggest that will the move into adding HSA in addition to FSA cards is usually a smart method for Amazon to learn more about people’s spending on health.

“the item’s a back end way for Amazon to learn about consumer purchasing behavior of health care products in addition to services, as the item moves more deeply into the space,” said Michael Yang, a health-tech investor with Omers Ventures.

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