Where can I find a definitive list of FSA/HSA qualifying expenses?
Where can I find my HSA information?
HSA-eligible plans are also available in most states that use HealthCare.gov. You can find out if your state has HSA-eligible plans when you preview plans with price estimates at HealthCare.gov/see-plans, or when you apply for health coverage. How can I find an HSA-eligible plan on HealthCare.gov?
What are qualifying expenses for FSA?
The IRS determines which expenses are eligible for reimbursement. Eligible expenses include health plan co-payments, dental work and orthodontia, eyeglasses and contact lenses, and prescriptions. This type of FSA is offered by most employers. It covers medical, dental, vision, and pharmacy expenses.
What are qualifying purchases for HSA?
HSA, FSA, and HRA Eligible Expenses
- Acupuncture.
- Alcoholism treatment.
- Ambulance.
- Artificial limb.
- Automobile modifications for a physically handicapped person.
- Birth control pills.
- Blood pressure monitoring device.
- Braille books & magazines (above the cost of regular printed material)
What counts as a qualified medical expense for HSA?
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).
Where do I get Form 8889?
IRS.gov
IRS Form 8889 can be downloaded from IRS.gov at any time. IRS Form 5498-SA is typically available around the end of January. If you contribute in the new year for the previous tax year, you will also get another 5498-SA form in May.
Where can I get Form 5498-SA?
Go to www.irs.gov, where you can download Instructions for Forms 8889, 1099-SA, 8853, and 5498-SA; IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans; and IRS Publication 502, Medical and Dental Expenses (Including the Health Coverage Tax Credit).
Are vitamins FSA eligible expenses?
Vitamins or nutritional supplements (herbal or natural medicines) will not qualify as FSA-eligible if used to maintain general good health.
Are vitamins HSA eligible?
Generally, weight-loss supplements, nutritional supplements, and vitamins are used for general health and are not qualified HSA expenses.
Are toothbrushes HSA eligible?
Toothbrushes are not eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement accounts (HRA), dependent care flexible spending accounts and limited-purpose flexible spending accounts (LPFSA) because they are general health products.
Are HSA and FSA eligible expenses the same?
FSA’s and HSAs are pre-tax accounts you can use to pay for healthcare related expenses. To qualify for an HSA you must have a high deductible health plan. With both FSA’s and HSAs you can pay for things like co-pays medical bills and vision expenses. An FSA is like a line of credit.
What expenses are not covered by HSA?
Ineligible expenses for HSAs
- Child care for a healthy child.
- Cosmetic procedures, unless they correct a deformity or treat an underlying medical condition.
- Employment-related physical exams.
- Funeral expenses.
- Health insurance premiums, unless you have COBRA continuation coverage or receive unemployment benefits.
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 toothbrushes FSA eligible?
General health items such as toothbrushes are not eligible for reimbursement from a health FSA because they would be used even if there is no recommendation from a dentist.
Can you buy toothpaste with FSA?
Dental procedures.
But general tooth-health products, such as toothbrushes, toothpaste and floss, are not usually not eligible to purchase with FSA funds.
Does FSA cover electric toothbrushes?
Electric toothbrushes are not eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), health reimbursement accounts (HRA), dependent care flexible spending accounts, and limited-purpose flexible spending accounts (LPFSA) because they are general health products.
Can you use FSA to buy Apple Watch?
Apple Watches are not considered medical devices and therefore cannot be bought with FSA funds.
Can you use your FSA for massages?
If you have a Flex Spending Account (FSA), you may not be aware that Massage Therapy can qualify as a medical expense. If massage therapy services are prescribed by your physician then you can use your FSA account to pay for these services.
Are humidifiers FSA eligible?
Humidifiers are eligible for reimbursement with a Letter of Medical Necessity (LMN) for flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA).
Is hand sanitizer FSA eligible?
The IRS has announced that purchases of personal protective equipment (PPE) qualify for reimbursement under a health flexible spending account (FSA), health reimbursement arrangement (HRA), or health savings account (HSA).
Are air purifiers covered by FSA?
If you are using your air purifier to treat a medical condition such as asthma, allergies or COPD, your FSA funds can be used to cover the cost. However, your doctor will need to certify that your air purifier is a ‘medical necessity’, and therefore needed to treat your condition.
Can you use HSA for shampoo?
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).
Can I buy sunscreen with FSA?
Fortunately, sunscreen that is SPF 15 or higher and protects against UV-A and UV-B radiation is FSA eligible.
Are probiotics covered by HSA?
Probiotics: HSA Eligibility. Probiotics may be eligible with a Letter of Medical Necessity (LMN) with a flexible spending account (FSA), health savings account (HSA) or health reimbursement arrangement (HRA).
Are weight scales HSA eligible?
A scale for food or weight with a Letter of Medical Necessity (LMN) is eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), a health reimbursement arrangement (HRA).
Are blood pressure monitors FSA eligible?
But many are not aware that blood pressure monitors and digital thermometers are over-the-counter (OTC) items that are 100% FSA eligible.
Is laundry detergent FSA eligible?
Soap is considered a general use product and not primarily use for the treatment, prevention or diagnosis of a medical condition and therefore is not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), health reimbursement arrangement (HRA), limited-purpose flexible spending …