WebBoth FSAs and HSAs can be used on qualifying medical expenses. Prescription medications and over the counter drugs are a large part of these qualifying expenses. When you start your HSA or FSA, you’ll get a physical debit card. This debit card can be used to pay for a variety of prescriptions or even over-the-counter medical supplies. WebMar 9, 2024 · This page outlines which items are approved expenses that can be paid from a health savings account (HSA) or medical flexible spending account (FSA). ... such as …

40 FSA eligible items to spend your FSA dollars on in 2024 - CNN

WebLight therapy kits are HSA eligible, and you don't need a prescription from a dermatologist or doctor. The kits start as low as $19, but the high-end ones can cost as much as $399.99. … WebOTC medications are any medication or drug you can buy without a prescription. They are generally available near the pharmacy section of retailers and would look at home in any medicine cabinet. Over-the-counter drugs include things like pain relievers, cold and flu medication, allergy medication, and other basic first aid treatments. in-cmacp1305cl

Over-The-Counter Items FSA Store

WebDec 29, 2024 · If you have a health savings account (HSA) or flexible spending account (FSA), you can now use those funds for several common over the counter (OTC) … WebHSAs can still be used to pay for insulin and for many OTC supplies, such as bandages, wheelchairs and reading glasses. See examples below. Change 2: If you use an HSA to … WebHSAs can still be used to pay for insulin and for many OTC supplies, such as bandages, wheelchairs and reading glasses. See examples below. Change 2: If you use an HSA to pay for items or services that aren’t qualified medical expenses and you are under age 65, the tax penalty will increase from 10 percent to 20 percent of the HSA distribution. in-comm training \u0026 business services ltd