HSA, Health FSA, and HRA Eligible ExpensesConnectYourCare2021-12-22T10:11:36-05:00 Show
There are thousands of eligible expenses for tax-free purchase with a Health Savings Account (HSA), Flexible Spending Account (FSA), and Health Reimbursement Arrangement (HRA)—including prescriptions, doctor’s office copays, health insurance deductibles, and coinsurance. Many over-the-counter (OTC) treatments are also eligible.
The CARES ACT gives you more purchasing power!On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into effect, giving Health Savings Account (HSA), Flexible Spending Account (FSA) and Health Reimbursement Arrangement (HRA) participants access to 20K+ additional eligible products including:
Please keep in mind that merchants will need a few weeks to update their systems and inventory with these products. In the meantime, you can submit manual claims for reimbursement if you purchase any of the newly added items. Additionally, since the bill is retroactively effective as of January 1, 2020, you can re-submit previously denied claims for items purchased after this date that are now eligible as part of the CARES Act. HSA, FSA, and HRA Eligible ExpensesExamples of items generally eligible under HSAs, FSAs, and HRAs:
*OTC items that contain a drug or medication require a prescription. Insulin, medical monitoring and testing devices, and other non-medical health items are eligible without a prescription. For more, see the PDF eligible expenses lists below or the desktop version of this page for a searchable list (coming to mobile displays soon). View & Download Eligible Expense Lists:Please keep in mind that your employer might have additional limitations on what can be purchased with your account funds. Additional Eligible Expenses ListsResources & Tools
HSA OverviewHow an HSA WorksNew to HSAs? Start here to learn the benefits Health Savings Accounts offer. FSA OverviewHow an FSA WorksCheck out this helpful hub of Flexible Spending Account facts and tips. HRA OverviewHow an HRA WorksLearn how to maximize your Health Reimbursement Arrangement. BlogGet Helpful TipsOur blog, Connections, is the perfect place to find helpful HSA articles Resource LibraryContinue LearningAccess helpful resources to learn more about HSAs, FSAs, and HRAs. FAQsGet AnswersWe’ve answered many common questions about HSAs, FSAs, and HRAs Our Latest ResourcesOur Latest Blog Posts
HSA and FSA Eligible Expenses for Mom, Baby, and Parents-to-beBy Alicia Main|May 6th, 2021| Parenting and motherhood are some of the greatest joys in life, but it does require some financial planning! Thankfully, HSAs and FSAs exist to help parents offset the cost of medical expenses for their kids and themselves, and there is a long list of items and services that are eligible for every stage of childrearing. Check out all the eligible items in this post. Can I buy anything with HSA card?No. Your HSA card can only be used for eligible expenses at specific healthcare-related service providers or merchants where you can purchase healthcare goods or services. Your HSA card has no cash access.
Can I buy groceries with my HSA card?No, you can't use your Flexible Spending Account (FSA) or Health Savings Account (HSA) for straight food purchases like meat, produce and dairy. But you can use them for some nutrition-related products and services. To review, tax-advantaged accounts have regulatory restrictions on eligible products and services.
What can HSA not be used for?By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs. HSA funds generally may not be used to pay premiums.
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