HSA
Tuesday Too Small For HR - Is the cost of home testing for COVID-19 an eligible medical expense
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Yes, the cost of home testing for COVID-19 is eligible medical expense; reimbursable under FSAs, HSAs
The Internal Revenue Service has announced that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), or Archer medical savings accounts (Archer MSAs).
The IRS also stated that the costs of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 are eligible medical expenses that can be paid or reimbursed under health FSAs, HSAs, HRAs, or Archer MSAs.