A simple way to save on medicine

Published: Nov 01, 7:11am GMT+0

Say goodbye to the hassle of getting a prescription if you want to buy over-the-counter (OTC) medicine with your Health Savings Account (HSA) or Flexible Spending Account (FSA) funds.

The CARES Act, passed in March 2020 and retroactive to January 1, 2020, created a long list of over-the-counter medicines that are now considered qualifying medical expenses without a prescription.

What OTC medicines are HSA/FSA eligible?

The approved products include, but are not limited to:

If you shop at the Optum Store, you don’t need to remember this list. All products on the site are eligible.

How do I buy OTC medicine with an HSA/FSA?

If you have an FSA: If your plan provides you with an FSA debit card, you can use it to purchase items directly; please note that your account administrator may request you submit a receipt for approval. If your plan doesn’t provide an FSA debit card, you can make a purchase out-of-pocket with an alternative form of payment and submit a claim requesting reimbursement through your plan administrator. On the Optum Store, you can skip the receipt if using an Optum Bank® payment Mastercard® or UnitedHealthcare® FSA spending card. Your purchases are automatically approved.

If you have an HSA: If your plan provides you with an HSA debit card, you can use it to make purchases directly. Typically, HSA administrators do not require you to substantiate purchases; however, you should always be sure to keep your receipt for tax purposes.

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