Is Tylenol a qualified medical expense?

Asked by: Jewell Fahey  |  Last update: October 27, 2022
Score: 4.4/5 (29 votes)

Acetaminophen, the primary ingredient found in Tylenol, is an eligible OTC item. Acetaminophen reimbursement is eligible with an FSA account, HSA or HRA. Acne Medicine such as Clean and Clear, Neutrogena, Proactiv, etc., is eligible.

Can I use my HSA to buy Tylenol?

There are two common types of over-the-counter pain medications: acetaminophen and nonsteroidal anti-inflammatory drugs (NSAIDs), both of which are now among the eligible expenses available from an HSA and FSA.

Is Ibuprofen a qualified medical expense?

Pain relievers, such as aspirin or ibuprofen.

Is over-the-counter medication a qualified medical expense?

In accordance with Section 9003 of the Affordable Care Act, only prescribed medicines or drugs (including over-the-counter medicines and drugs that are prescribed) and insulin (even if purchased without a prescription) will be considered qualifying medical expenses and subject to preferred tax treatment.

What OTC meds are covered by HSA?

Which OTC items are now eligible expenses?
  • Cold, cough, and flu medicine.
  • Tampons, pads, and liners.
  • Pain relievers and anti-inflammatory medications.
  • Allergy and sinus medicine.
  • Digestive aids and laxatives.
  • Baby rash ointments and creams.
  • Baby electrolytes.
  • Sleep aids.

Tylenol Creators Release New Medical Warning on Pill Bottles

45 related questions found

Can I buy ibuprofen with my HSA?

Yes, you can use your Health Savings Account (HSA) to purchase over-the-counter drugs without a prescription from your physician. Use your HSA for all Advil products.

Can I use my HSA for over-the-counter medication 2020?

Effective January 1, 2020, OTC medications like Mucinex, Sudafed, and Tylenol Cold & Flu are all HSA eligible without a prescription.

What OTC items are tax deductible?

Nonprescription items such as bandages, crutches, thermometers, or blood sugar meters and test strips are deductible if they are related to medical care for a health condition.

How can over-the-counter drugs OTC be deducted from the tax return?


Effective Jan. 1, 2020, the CARES Act treats all OTC drugs and menstrual care products as qualifying medical expenses that may be paid for (or reimbursed) on a tax-free basis by an HSA, health FSA, HRA or Archer MSA.

Are vitamins deductible medical expenses?

Per IRS: "You can't include in medical expenses the cost of nutritional supplements, vitamins, herbal supplements, “natural medicines,” etc. unless they are recommended by a medical practitioner as treatment for a specific medical condition diagnosed by a physician.

What qualifies as a qualified medical expense?

Qualified Medical Expenses are generally the same types of services and products that otherwise could be deducted as medical expenses on your yearly income tax return. Some Qualified Medical Expenses, like doctors' visits, lab tests, and hospital stays, are also Medicare-covered services.

Can I buy toothpaste with HSA?

Toothpaste is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending account (LPFSA) or a dependent care flexible spending account (DCFSA).

Is Nyquil HSA eligible?

Cold medicine is an eligible over-the-counter (OTC) drug with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA).

What are HSA qualified expenses?

HSA - You can use your HSA to pay for eligible health care, dental, and vision expenses for yourself, your spouse, or eligible dependents (children, siblings, parents, and others who are considered an exemption under Section 152 of the tax code).

Is toilet paper HSA eligible?

On the counterpoint, let's take a quick look at some of the expenses that don't qualify for payment out of your HSA, even during the coronavirus pandemic: Babysitting and childcare costs for a normal, healthy child. Medicines and drugs from other countries. Personal care items like toilet paper and soap.

Can you use HSA for OTC meds 2022?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act also added some other medical expenses to the list. The new items added were menstrual products and over-the-counter medications.

What medical expenses are deductible 2021?

You may deduct only the amount of your total medical expenses that exceed 7.5% of your adjusted gross income. You figure the amount you're allowed to deduct on Schedule A (Form 1040).

Are Tums HSA eligible?

Acid controllers such as Tums or Prilosec are OTC medicines that are eligible with an FSA account, HSA or HRA.

Can I use HSA for Benadryl?

Allergy products

Those who do have allergies can now find relief with their HSA and FSA funds in the form of over-the-counter antihistamines and decongestants.

Can you buy medicine with HSA?

If you have a health savings account (HSA), you can use it to buy prescription medications. Also, with the new Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can use your HSA funds to buy nonprescription over-the-counter (OTC) medications, including: Pain relievers, like aspirin, Tylenol, and Motrin.

Are tampons HSA eligible?

Menstrual products — including tampons, pads, liners and other similar products — are now considered qualified medical expenses, and Americans can use their health savings account (HSA), flexible spending account (FSA) and health reimbursement arrangement (HRA) to purchase these products.

Is cough syrup covered under HSA?

You can use your health savings account (HSA) to purchase OTC medications including Robitussin without a prescription. All Robitussin products are included.

Can I buy an Apple watch with my HSA card?

Apple Watches are not considered medical devices and therefore cannot be bought with FSA funds. Even if a doctor says it's a medical necessity there's nothing that states Apple Watch is a medical device.

Can I buy a treadmill with my HSA?

A treadmill can be eligible for reimbursement with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) and health reimbursement arrangement (HRA).

Are vitamins HSA eligible 2022?

Q: Are vitamins HSA eligible in 2022? Vitamins and health supplements are HSA-qualified expenses if they have been recommended by a medical or health professional for the treatment or prevention of a specific disease or condition.