![]() ![]() Be sure to check with your administrator to confirm if something is eligible before making a purchase. Important Reminder: FSAs, HRAs and other account types listed may not all be the same. From A to Z, items and services deemed eligible for tax-free spending with your Flexible Spending Account (FSA), Health Savings Account (HSA), Health Reimbursement Arrangement (HRA) and more will be here, complete with details and requirements. But it also expanded the items eligible for HSA reimbursement, says Leif O’Leary, CEO of Alegeus. Be sure to have your employees check with us if they are counting on a specific product being eligible for reimbursement or they may get burned.Here it is - the most-comprehensive eligibility list available on the web. So yes, the answer depends on the circumstances and specific products. Regardless of whether you have insurance coverage for these. To show that the expense is primarily for medical care, a note from a medical practitioner recommending the item to treat a specific medical condition is normally required. Decongestants are over-the-counter (OTC) medicines eligible for reimbursement through a flexible spending account (FSA), health savings account (HSA) or a. Use an HSA to save money on dental care, eye exams, eyeglasses and more. Use your Health Savings Account (HSA) funds to pay for hundreds of IRS-approved health expenses and some health insurance deductibles and. While you can use the funds in an HSA at any time to pay for qualified medical expenses, you may contribute. May qualify if used to treat or alleviate a specific medical condition (e.g., melanoma) and if the expense would not have been incurred “but for” the condition, but only the excess cost of the specialized garment over the cost of ordinary clothing will qualify. HSA funds generally may not be used to pay premiums. Sun-protective (SPF) clothing: Not an eligible expense if used to maintain general health or for other personal reasons. It is unclear whether nonprescription sunglasses or clip-on sunglasses recommended by a physician to alleviate an eye condition would qualify. ![]() Sunglasses: Eligible only if prescription sunglasses. Sunburn creams and ointments (medicated such as Solarcaine): This is an eligible expense to treat a sunburn (and not as a regular skin moisturizer). It does not prevent a medical condition such as sunburn. Sunscreen in cosmetics or similar products with suntan lotion but not just sunscreen: Not eligible. Some FSA plans may take a more cautious approach, for example, by reimbursing only products at or above a specified SPF (e.g., 15 due to FSA guidance). Sunscreen ( excluding cosmetics or similar products containing sunscreen): There is no official guidance on this item but an IRS official has informally commented that sunscreen will likely qualify as a medical care expense because its sole purpose is to prevent sunburn. Here are the various categories of sun-protective products and whether or not they are indeed eligible for reimbursement in an FSA or HSA: These Health FSA-eligible items are now also available without a prescription, thanks to the CARES act: Acne medication and treatments Antacids and acid. The answer, however, is “it depends.” The answer primarily depends on whether the product effectively protects against sunburn, soothes an active sunburn or treats a medical condition that has arisen from a sun-related ailment. If an employee did not re-enroll in the FSA for 2021, he/she cannot make new contributions, but may still use these. And, yours is a question we are getting asked frequently. HSA Examples of eligible expenses include co-Pays, deductibles, co-Insurance, dental and/or vision Expenses (non-cosmetic), long term care plans, COBRA. are FSA/HSA eligible expenses?Ī: Agreed! This summer has been a scorcher. Your insurance may qualify as a high-deductible health plan if one of the following is true: Your coverage is self-only (individual coverage), your plans minimum annual deductible for 2023 is at. Below is a quick reference list of eligible medical expenses that can be reimbursed from your health savings account. ealth savings account (HSA) contribution limits for 2021 are going up 50 for self-only coverage and 100 for family coverage, the IRS announced May 21, 2020, giving employers that sponsor. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. ![]() This has been a super-hot summer and my employees are asking me if sun-related products, i.e. Save as PDF Share Table of contents Definitions Item List This page outlines which items are approved expenses that can be paid from a health savings account (HSA) or medical flexible spending account (FSA). Health Savings Account (HSA) A type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses. ![]()
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