![]() This list includes products like allergy medication, pain relievers, prenatal vitamins, and tampons. Special Note: As part of the 2020 CARES Act, over-the-counter medications and menstrual care products are now eligible for purchase with health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs). To see a full HSA eligible expenses and guidelines,check out IRS Publication 502 or contact your HSA administrator. In March 2020, the CARES Act approved over-the-counter medications and menstrual care expenses for purchase with an HSA. Again, please check with your HSA administrator if you have any questions about qualified medical expenses. The following lists identify common expenses that are HSA eligible and non-eligible. If you purchased these products in the 2020 calendar year, you can be reimbursed with your HSA. In response to COVID-19, a new federal law expands how you can use. New items for 2020 include over-the-counter treatments and feminine care products, due to the CARES Act. If youre scrambling to spend the rest of your FSA funds before the Decemdeadline or looking for an excuse to use your HSA to treat yourself to new. Over-the-counter medicines and menstrual care products are now fully FSA & HSA-eligible. You can use your Limited Expense Health Care FSA (LEX HCFSA) funds to pay for a variety of dental and vision care products and services for you, your spouse, and your dependents. A good thing to keep in mind is that if your doctor diagnosed you with a specific condition or ordered a treatment, product, or prescription for you, your HSA should cover it. The IRS determines medical, dental and vision expenses that are eligible with an HSA as listed in IRS publication 502. Please note that this site is an educational reference only-not all health savings accounts are the same, and you should always check with your HSA administrator or health insurance provider to confirm if something is eligible before making a purchase. Bookmark this page so you can always spend your HSA funds in the smartest way possible. This is the internet's first and only complete list of both HSA-eligible and ineligible expenses. COBRA Premiums (HSA) HSA Eligible expense. Complete list of eligible HSA expenses for 2022
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |