What's covered under HSA?
Asked by: Letitia Fritsch | Last update: February 11, 2022Score: 4.9/5 (27 votes)
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).
What is covered on an HSA?
In general you can use your HSA funds to pay for any qualified medical expense. Qualified medical expenses are a defined term created by the IRS and include: medical care, prescription drugs, and payment for long term care. Expenses paid by the account beneficiary for medical care are covered.
What expenses are not covered by HSA?
Other items that aren't eligible include maternity clothes, funeral costs, child care for healthy babies, toiletries, over-the-counter medicine, swimming lessons and elective cosmetic procedures. You also usually can't use HSA money to pay for health insurance premiums unless you meet certain criteria.
Is hand sanitizer covered by HSA?
Health savings account (HSA) participants may use the funds in their HSA to pay for masks, hand sanitizer, and sanitizing wipes on a pre-tax basis. Sponsors of flexible spending accounts (FSAs) and health reimbursement arrangements (HRAs) may also allow these expenses to be reimbursed from their plans.
Can I buy vitamins with HSA?
Generally, weight-loss supplements, nutritional supplements, and vitamins are used for general health and are not qualified HSA expenses. HSA owners usually cannot include the cost of diet food or beverages in medical expenses because these substitute for what is normally consumed to satisfy nutritional needs.
What is a Health Savings Account? HSA Explained for Dummies
Can I buy groceries with my HSA card?
Yes! You can use your Health Savings Account (HSA) or Flexible Spending Account (FSA) to purchase any Ready, Set, Food!
Can you 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).
Can you buy toilet paper with HSA?
Lively, my pick for the top HSA account, maintains a very thorough list of qualified medical expenses that has been updated. Items like common deodorant, shampoo, soap, and toilet paper are not eligible.
Can I buy a Fitbit with my HSA?
A fitness tracker device, such as a Fitbit, is only eligible for reimbursement with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA).
Can I buy tampons with HSA?
With the passage of the CARES Act in March 2020, tampons and other menstrual care products are now fully FSA-/HSA-eligible. According to the text of the bill, menstrual care products include, “tampon, pad, liner, cup, sponge, or similar product used by individuals with respect to menstruation…”
Is ibuprofen HSA eligible?
Using My HSA to Purchase Advil Products
All OTC Advil products are eligible for use with your HSA funds at this time. Eligible products include Advil coated tablets, Advil Liqui-Gels and more.
Can I buy Airborne with HSA?
Air purifiers are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA) with a Letter of Medical Necessity (LMN).
Can I buy shampoo with HSA?
While some exceptions may vary, shampoo is generally 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).
Are vitamins HSA eligible 2021?
In early 2021, most vitamins and supplements are still not covered by FSAs and HSAs.
Are Vitamin D drops FSA eligible?
Vitamins or nutritional supplements (herbal or natural medicines) will not qualify as FSA-eligible if used to maintain general good health. In narrow circumstances vitamins recommended by a medical practitioner to treat a medical condition may be eligible with a Letter of Medical Necessity (LMN).
Is toilet paper FSA eligible?
Toiletries can describe anything from oral care items like mouthwash, toothbrushes, toothpaste and floss to hair products like shampoo and conditioners; bathroom products like toilet paper; feminine care like tampons and pads; cotton swabs and fingernail clippers, and more.
Are tampons FSA eligible?
Yes! Tampons are now classified as a “medical expense,” making them FSA eligible.
Can I use my HSA to pay for Advil?
Can I use my HSA or FSA for OTC drugs like cold medicine? Yes, you can purchase OTC cold medicine using your HSA or FSA funds. This includes products like Junior Strength Advil Chewables or Junior Strength Advil Tablets.
Can you use HSA for condoms?
Condoms are eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA). They are not eligible for reimbursement with dependent care flexible spending accounts and limited-purpose flexible spending accounts (LPFSA).
Can I use HSA money for chiropractor?
Your HSA funds can cover medical expenses big and small, from ongoing costs, like chiropractic treatments, to unexpected ones, like crutches after an accident.
Are multivitamins FSA eligible?
Multivitamins
If your doctor has prescribed you specific supplements, you will need to fill out a letter of medical necessity (LMN) in order to use your FSA to make this purchase. Otherwise, vitamins and supplements are not considered an eligible expense and your card will be rejected.
Is hand sanitizer covered by FSA?
COVID supplies: Masks, hand sanitizer, sanitizing wipes, thermometers, pulse oximeters, at-home COVID tests — these are all FSA-eligible. ... Menstrual supplies: Thanks to the 2020 CARES Act, pads, tampons and other period products are now eligible for FSA spending.
Are electric toothbrushes FSA eligible?
Dentists often recommend an electric toothbrush to replace a manual toothbrush. Even though these might be recommended by the dentist they are not eligible for reimbursement from a healthcare FSA.
Can I buy a Fitbit with my FSA?
Unfortunately, fitness devices like the Fitbit are typically not considered FSA eligible, because they are considered for general good health and not for the treatment of a specific medical condition (similar to gym membership).
Can I use my HSA for CBD oil?
Is CBD FSA-eligible? The IRS has yet to issue guidance on the eligibility status of CBD oil and products, so they are ineligible for purchase with FSA, HSA, HRA, LPFSA and DCFSA funds at this time.