![]() ![]() These sites are dedicated to items that are eligible under pre-tax accounts like FSAs and HSAs. Online shopping for eligible expenses can be done on sites like Health Shopper, FSA Store and HSA store.That’s peace of mind with a touch of a button. Consumers can simply scan a product bar code right in their mobile app to help determine eligibility as a qualified medical expense.Eligible products include tampons, pads and menstrual sponges. The CARES Act also included menstrual care products as eligible expenses for HSAs and FSAs. The CARES Act means that these over-the-counter drugs are HSA and FSA eligible without a prescription. That’s why Americans spend billions of dollars each year on medicines that treat heartburn. Heartburn is among the more common afflictions in this country. Those who do have allergies can now find relief with their HSA and FSA funds in the form of over-the-counter antihistamines and decongestants. And the cost of allergies to the healthcare system is estimated at $18 billion. Thirty percent of American adults and 40 percent of children suffer from allergies. Fortunately, the over-the-counter medicines taken to cope with a severe cough or congestion are now eligible expenses. population gets the flu, on average each season. Winter may be behind us, but cold and flu season never really goes away. There are two common types of over-the-counter pain medications: acetaminophen and nonsteroidal anti-inflammatory drugs (NSAIDs), both of which are now among the eligible expenses available from an HSA and FSA. ![]() There are so many reasons to need pain relievers. Here are five of the most common expenses that are now eligible to use HSA and FSA funds without a prescription. That’s great news for consumers, since the average American shops for over-the-counter medications 26 times each year. This change went into effect on January 1, 2020, and allows over 20,000 new expenses as eligible moving forward. This new legislation expanded the list of expenses that are considered eligible by including popular over-the-counter products, which consumers can now purchase with their HSA or FSA without a prescription. Recently, you gained even more flexibility in your ability to save when the CARES Act was signed into law. When you participate in a Health Savings Account (HSA) and/or Flexible Spending Account (FSA), you’re able to contribute pre-tax funds for use on hundreds of eligible expenses.
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