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Over-The-Counter Items: HSA Eligibility
Over-The-Counter Items: eligible with a Health Savings Account (HSA)
Over-the-counter (OTC) items reimbursement is eligible with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Over-the-counter items reimbursement for dental and vision-related items may be eligible with a limited-purpose flexible spending account (LPFSA). OTC items are not eligible for reimbursement with a dependent care flexible spending account (DCFSA).
What are over-the-counter items?
A 2012 study commissioned by the Consumer Healthcare Products Association found that the use of OTC medicine would save the U.S. healthcare system $102 billion per year, as much of the savings comes from the utilization of low-cost medicines as opposed to drugs that must be filled by a pharmacist. OTC items such as medications, bandages, first aid, diagnostic products and more are eligible with a consumer directed healthcare account.
Popular Categories
Don't know where to begin? Start with these popular categories to find the eligible items and services you need.
Popular Categories