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FSA eligible expenses — what purchases count?

Business Management Daily

Flexible Spending Accounts allow employees to set aside pre-tax dollars from their paycheck to use for medical or dependent care expenses. These funds are placed in an FSA account that employees can use to pay for eligible expenses. Many people are surprised to learn how many everyday items are actually FSA eligible.

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Agencies Issue Additional Guidance Regarding Over-the-Counter COVID-19 Test Coverage

Benefits Notes

Examples include online or telephone ordering, and may be provided through a pharmacy or retailer, the plan or health insurance issuer directly, or any other entity on behalf of the plan. Guidance Related to the $12 Safe Harbor. Reasonable shipping costs related to the OTC COVID-19 tests must be covered by the plan or issuer.

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It’s National Sunglasses Day

Benefit Resource Inc.

There are a variety of different plans and accounts available. Two of the most common accounts are a Health Savings Account (HSA) and a Flexible Spending Account (FSA). Regardless of the account you use, there are a number of eligible vision expenses.

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Flu season is here- are you ready?

Benefit Resource Inc.

If not, it is an eligible expense under a Medical Flexible Spending Account (FSA), Health Savings Account (HSA) and most Health Reimbursement Accounts (HRA).) Pharmacies housed in large retailers like Walgreens, CVS and RiteAid often offer immunizations and they accept most insurance.

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The intersection of health, technology and benefits

Benefit Resource Inc.

Diabetes equipment for staying on top of your blood sugar… Multiple diabetic supplies are available for purchase through your Flexible Spending Account. Health technology pick: A glowing complexion. Or your Health Savings Account*). The IRS typically doesn’t support beauty products.

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There’s More! Tri-Agencies Provide Clarifying Guidance on Group Health Plan Coverage of Over-the-Counter At-Home COVID-19 Tests

Proskauer's Employee Benefits & Executive Compensa

Under this limited non-enforcement policy, plans could, under certain circumstances, limit the amount reimbursed for at-home COVID-19 tests obtained from non-network retailers to the lesser of $12 per test or the actual test cost.

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Top 8 places to use your Health FSA

Benefit Resource Inc.

Box Store Retailers. There are many eligible items at larger retailers like Target , Walmart and Costco. CVS and Walgreens are two great examples of chain retailers who offer a host of common eligible items. Start browsing. Just to name a few). National and Regional Pharmacy Chains. Your local pharmacy.

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