WebOver-the-counter (OTC) items reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Over-the-counter items reimbursement for dental and vision-related items may be eligible with a limited-purpose flexible spending account (LPFSA). WebMany non-prescription, over-the-counter (OTC) drugs, medicines and medical care items are considered eligible for reimbursement under health care Flexible Spending Accounts …
CARES Act Adds OTC Items to Eligible Expenses List
WebDec 14, 2024 · FSA funds can be spent on nearly all OTC medications, including pain relievers, allergy medications, and cough and cold medications. Some examples include: Tylenol Extra Strength caplets: … WebThese Health FSA-eligible items are now also available without a prescription, thanks to the CARES act: Acne medication and treatments. Antacids and acid reducers. Anti-arthritis medications. Antibacterial gels … bird in the hand dividend theory
What OTC items are eligible with an FSA or HRA? BRI - Benefit Resource
WebMay 4, 2024 · The same rules applied for flexible spending accounts (FSAs)—pre-tax financial accounts often offered by employers. 3 If you were experiencing heartburn, for example, you wouldn’t be able to use your HSA money to cover an OTC drug like Tums or Prilosec. Instead, you’d have to pay for it out of pocket. Changes Under the CARES Act WebHealth care flexible spending accounts (FSAs) A health care FSA reimburses you for eligible health care expenses for you and your eligible dependents. Eligible expenses include medical, dental, vision, hearing and prescription drug expenses. You can also use FSA funds to pay for copays, coinsurance and certain over-the-counter (OTC) items. WebNon-prescription, over-the-counter (OTC) drugs and medicines are now reimbursable under health Flexible Spending Accounts (FSAs). When you enroll in a health care FSA, you … damar hamlin recent pictures