Use the PayFlex Savings Calculator to help you determine your estimated annual expenses that could be reimbursed from a Health Care FSA. Comprehensive information on ineligible expenses is available from PayFlex. Note: This list is only an example and is subject to change. Weight reduction programs for general well being.Vitamins/nutritional supplements (only eligible if necessary to treat a specific medical condition and accompanied with a Letter of Medical Necessity).Social activities, such as dance classes, even if recommended by a physician.Marriage counseling, unless performed for purpose of alleviating or preventing a physical or mental defect or illness.Illegal treatments, operations, or drugs.Household help, even if recommended by a physician.Health care expenses paid under any health plan.Hair loss treatment, drugs or transplants.Expenses reimbursed by other services, such as insurance companies.Expenses claimed on your income tax return.The following are examples of some expenses that are not eligible for reimbursement from a Health Care FSA: The cost of a home diagnostic kit, test or device is an eligible medical expense. Examples include, but are not limited to: blood pressure monitors, cholesterol test, colorectal screenings, diabetic equipment and supplies, pregnancy tests.Over-the-counter medications (with a prescription).Vision Care (exams, glasses, contacts, solutions).Dental care including copays, fluoride treatments, orthodontia See Paying for Eligible Dental Expenses for tips.Expenses incurred on or after Janucan be reimbursed by a Health Care FSA. Personal protective equipment (PPE), Maupdate: The IRS released Announcement 2021-7 confirming the purchase of personal protective equipment (PPE), such as face masks, hand sanitizer and sanitizing wipes, are qualified medical expenses if used for the primary purpose of preventing the spread of coronavirus.See a comprehensive list of eligible expenses on the PayFlex website.Įligible Health Care FSA expenses include, but are not limited to: See Using Your PayFlex Card for more information. If you are enrolled in a Health Care FSA and did not receive a card, call PayFlex at (877) 343-1346. If you are only enrolled in a Dependent Care FSA, you will not receive a card. PayFlex will mail a debit card to new enrollees in a Health Care FSA to pay for eligible health care expenses. The date you pay for the item or service is not relevant. The IRS will provide any further updates as soon as they are available on its webpage at IRS.gov/coronavirus.You can only be reimbursed for expenses incurred while you are enrolled in the plan. Taxpayers should save receipts of their purchases for their records and so that they are able to submit claims for reimbursements. The new rules apply to amounts paid after Dec. In addition, over-the-counter products and medications are now reimbursable without a prescription. These products are defined as tampons, pads, liners, cups, sponges or other similar products. Specifically, the cost of menstrual care products is now reimbursable. The CARES Act also modifies the rules that apply to various tax-advantaged accounts (HSAs, Archer MSAs, Health FSAs, and HRAs) so that additional items are "qualified medical expenses" that may be reimbursed from those accounts.
1, 2020, with respect to plan years beginning on or before Dec.
The temporary rules under the CARES Act, as extended by IRS Notice 2020-29 PDF, apply to services provided on or after Jan. Thus, an otherwise eligible individual with coverage under an HDHP may still contribute to an HSA despite receiving coverage for telehealth and other remote care services before satisfying the HDHP deductible, or despite receiving coverage for these services outside the HDHP. Telehealth and other remote care services also are temporarily included as categories of coverage that are disregarded for the purpose of determining whether an individual who has other health plan coverage in addition to an HDHP is an eligible individual who may make tax-favored contributions to his or her HSA. Under the CARES Act, a high deductible health plan (HDHP) temporarily can cover telehealth and other remote care services without a deductible, or with a deductible below the minimum annual deductible otherwise required by law. Telehealth and High Deductible Health Plans WASHINGTON - The Internal Revenue Service has advised that new rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people may need at-home services due to measures to fight the coronavirus.
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