Can i buy otc drugs with hsa

Those with an HSA and other health accounts can now use those funds to pay for over-the-counter OTC medicine, without a prescription. OTC medication includes Acetaminophen, Ibuprofen and many other medications Americans use every day to treat illnesses and feel better. And those savings can really add up. Managed Healthcare Executive Magazine reported that the average U.

Before now, all of that cost had to be out-of-pocket, or could only be reimbursed from your account with a prescription from your physician. How did the rules change for reimbursing the cost of over-the-counter medicines and drugs from health flexible spending arrangements health FSAs and health reimbursement arrangements HRAs?

How did the rules change for distributions from health savings accounts HSAs and Archer Medical Savings Accounts Archer MSAs that are used to reimburse the cost of over-the-counter medicines and drugs? When were the changes effective? How did this change affect over-the-counter medical devices and supplies? I use health FSA funds for my co-pays and deductibles.

The ACA removed over-the-counter medicines and drugs from the list of reimbursable qualified medical items if purchased without a prescription. Junior Strength Advil Chewables. Advil Allergy Sinus.

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