FSA/HSA Information
If you want to obtain reimbursement of your purchase using FSA/HSA funds, please check with your plan administrator to ensure your purchase meets their requirements.
IRS Publication 502 provides the definition of a qualified medical expense for purposes of FSA/HSA coverage.
The list of FSA/HSA approved items is maintained by the IRS and may change at any time. If you have questions or concerns about FSA/HSA qualified expenses, don’t hesitate to ask your health insurance plan administrator for more information and check your plan documents carefully. Questions about reimbursable health care expenses should be referred to a tax consultant.
FAQs
What is an FSA?
A Flexible Spending Account (FSA, also called a “flexible spending arrangement”) is an employee benefit that allows you to set aside money from your paycheck that you can use to pay for certain out-of-pocket health care expenses. Your FSA dollars can be used to cover medical costs, including eligible over the counter (OTC) healthcare products.
What is an HSA?
A Health Savings Account (HSA) is a type of savings account associated with an HSA-eligible health plan that lets you set aside money to pay for qualified medical expenses. You are eligible to put money into your HSA up to a certain yearly limit set by the IRS guidelines.
How do I obtain reimbursement of my purchase with FSA or HSA funds?
If you want to obtain reimbursement of your purchase using FSA or HSA funds, check with your plan
administrator to ensure your purchase meets their requirements, and for instructions on how to
submit this expense for reimbursement.
What should I do if my FSA or HSA card is declined?
If your FSA or HSA card is declined at check out when making your purchase, contact your employer or plan administrator of your account to request more information on using your card for qualified purchases.