
Which over the Counter OTC Expenses Are Eligible SelectAccount Form
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People also ask
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What products are considered OTC?
Category. Product Name. Nasal Congestion. Nasal Moisturizer Saline Nasal Spray. Dry Eyes. Eye Lubricant. Artificial Tears. Dry Skin. Topical-Lotion. Topical-Sunscreen Sunscreen Lotion SPF 50. Loose Dentures. Dental.
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What over-the-counter is FSA eligible?
All over-the-counter (OTC) medicines or drugs (including insulin) are eligible for reimbursement through a HCFSA. OTC products that are not medicines or drugs (such as sunscreen, bandages or contact lens solution), and are purchased to alleviate or treat a medical condition are also eligible items for reimbursement.
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Are over-the-counter supplements HSA-eligible?
ing to the IRS, you cannot use your HSA to pay for vitamins or supplements that are taken for general health. However, you can use your HSA to pay for vitamins or supplements that have been recommended by a health professional to treat or prevent a specific condition.
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What can you not buy with an OTC card?
OTC items are not eligible for reimbursement if they are normally used for general health, are not used to treat a medical condition (e.g. toothpaste, mouthwash, lotion, shampoo) or are cosmetic in nature (e.g. teeth whitening products, wrinkle reducers). See additional examples in the OTC Chart.
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What household items can I buy with my OTC card?
Eligible items include: Nicotine replacement therapy items. Band aids and first aid supplies. Food scales. Oral hygiene care products. OTC antibiotic creams/ointments. OTC antihistamines and allergy sprays. OTC cold/cough/flu drugs. OTC pain relievers.
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What qualifies as OTC?
Eligible items include: Nicotine replacement therapy items. Band aids and first aid supplies. Food scales. Oral hygiene care products. OTC antibiotic creams/ointments. OTC antihistamines and allergy sprays. OTC cold/cough/flu drugs. OTC pain relievers.
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What qualifies for an OTC card?
To qualify for an OTC card, individuals must be enrolled in a Medicare Advantage plan that offers this benefit. These plans are available to individuals who are eligible for Medicare Part A and Part B.
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What over-the-counter medicine is HSA-eligible?
Here are some common expenses that are now eligible to use your HSA funds without a prescription. Pain relief medications. Cold and flu products. Allergy products. Heartburn medications. Menstrual products.
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