Over-the-Counter (OTC) Medicines and Menstrual Products
The Coronavirus Aid Relief and Security (CARES Act) allows consumers to purchase over the counter (OTC) drugs and medicines with funds from their Health Savings Account (HSA), Flexible Spending Accounts (FSA), or Health Reimbursement Arrangement (HRA). Consumers may also receive reimbursement for OTC purchases through those accounts. In addition, menstrual products are now considered a qualified medical expense, meaning consumers can pay for or be reimbursed for these products through an HSA, FSA, or HRA.
Telehealth
The CARES Act states that “telehealth and other remote care services” below the deductible will be permitted in an HSA-compatible high deductible health plan (HDHP). The bill does not specify what “telehealth and other remote care services” entails, but we will provide updates as we learn more.
Questions? Contact one of our Employee Benefits Administrators at (320) 214-2909.
