Can i use hsa for over the counter drugs

If you have a health reimbursement arrangement HRA or a part of a voluntary employee beneficiary association VEBA , check with your health plan as the eligible items may differ. You can find a more complete list of eligible expenses here , but some of the most common items that removed the prescription requirement include:.

If you don't need them, the money can build as savings. If you withdraw funds for something other than health care, it will be taxed. Once you turn 65, you can take money out of your HSA tax-free. Your employer, a family member, or anyone else may add money to the account.

This can be a great perk, especially if you have a family to care for. Under this scheme, over-the-counter drugs did not count as "qualified medical expenses" for HSAs. The same rules applied for flexible spending accounts FSAs —pre-tax financial accounts often offered by employers.

This change is retroactive to Jan. In addition to OTC drugs, such as pain relievers, anti-inflammatories, and cough syrups, shoppers can now purchase dozens of other products for varying needs. Baby lotions, digestive aids, and sleep aids are just a few examples of what now falls under the purview of an HSA. Also, for the first time in history, feminine hygiene products are included in the list of HSA-qualified OTC medical product expenses.

Funeral plans, beauty treatments, child care, and most other intangible costs vaguely related to health care are not covered by your HSA. You may pay at the point of service with your HSA debit card. Or you can pay out of pocket and pay yourself back later with your HSA funds.

Until recently, OTC medications only qualified for reimbursement with a note or prescription from a doctor. Certain products, like HEPA filters, may be eligible for reimbursement with a notice of medical necessity.

There are two options for using your funds on Curist products:. The good news: Curist sends confirmation emails and receipts for all purchases and you can email us anytime at hi curistrelief if you have any questions! Just enter your email address to get notified. No thanks, take me back to the site. Our card works at a variety of merchants. How does it work?

If used elsewhere, you may need to upload supporting documentation depending on your benefits plan. What if additional documentation is required?

You can view the status of your claims and upload documentation easily with our benefits mobile app or through your online account. Apply Now. Pain relief medications Headaches. Cold and flu products Winter may be behind us, but cold and flu season never really goes away.

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