Can you use your FSA card for over-the-counter medication?

Can you use your FSA card for over-the-counter medication?

In response to COVID-19, a new federal law expands how you can use your flexible spending account (FSA). You can now use your FSA to purchase over-the-counter (OTC) drugs and medicines, without a prescription, as well as menstrual care products.

What is PayFlex used for?

The PayFlex Card is your account debit card. It helps make it easier for you to spend the money in your PayFlex account. You can use this card to pay for certain eligible expenses. Eligible expenses may include doctor and dentist visits, hospital stays, prescriptions, and hearing and/or vision care.

Can I purchase Tylenol with my FSA card?

Thanks to the Coronavirus Aid, Relief and Economic Security (CARES) Act, you can use your FSA or HSA funds to buy over-the-counter medications without a prescription, like Tylenol and other pain relievers, heartburn medications, allergy relief and more, for the first time since 2011.

Is Pepto-Bismol HSA eligible?

The CARES Act restores the ability to use HSAs, FSAs and HRAs to purchase certain OTC medical products, like Tylenol, Claritin and Pepto-Bismol, etc., without a doctor’s prescription. Both provisions for OTC and menstrual products are ongoing without an expiration date.

Is Pepto-Bismol FSA eligible?

3) Stock up on standard medicines. Certain over-the-counter medications are eligible for FSA, including Pepto-Bismol, Tums and even certain acne medications, like Clearasil.

Can I use my PayFlex card for someone else?

Yes. You can seek payback for eligible expenses that you, your spouse and eligible tax dependents have during the plan year. This is true even if you don’t cover your spouse and dependents on your health plan.

What’s better HSA or FSA?

Tax Incentives and Savings Potential Both HSAs and FSAs offer the same tax advantages upfront—you can put money into the accounts and withdraw it to pay medical expenses tax-free. However, HSAs offer far greater tax advantages and savings potential.

What is Abreva used to treat?

*Abreva contains the only OTC ingredient approved by the FDA to shorten healing time and duration of symptoms. Stay ahead of a cold sore outbreak – find out how to avoid cold sores, manage your cold sore triggers and get expert advice on treating cold sores when they strike.

How to use Abreva cold sore treatment?

Using with Abreva Cold Sore Treatment. You can also use the Abreva cold sore treatment under this patch to speed up the healing process of your sore. Only apply a small dab, or the patch won’t stick as well. Abreva is well known for how well it works to heal cold sores.

Is Abreva worth its weight in gold?

Abreva® is worth its weight in gold. I’m astounded that it started working so quickly and so well. *Abreva contains the only OTC ingredient approved by the FDA to shorten healing time and duration of symptoms.

Where is Paychex located?

Paychex is headquartered in Rochester, New York. Analyst Report: Paychex Inc. Paychex Inc. is a provider of payroll, human resource services, retirement services, and insurance services to small and medium-size firms. Most of Paychex’s operations are domestic; however, the company does have four offices in Germany.