Can an HSA Card be Used for OTC Drugs? - HSA Awareness Article

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Using HSA cards for OTC drugs

When it comes to Health Savings Accounts (HSAs), one common question that arises is whether an HSA card can be used for over-the-counter (OTC) drugs. The answer is yes, but with some important considerations.

Here's what you need to know:

• HSAs can be used to purchase a wide range of eligible medical expenses, including OTC drugs.
• However, as of 2020, the CARES Act requires a prescription for OTC drugs to be reimbursed with HSA funds.
• Even with this requirement, you can still use your HSA card to pay for OTC drugs at the point of sale without a prescription.
• It's important to keep track of your receipts and prescriptions for OTC drugs purchased with your HSA card for documentation purposes.
• Consult with your healthcare provider to determine which OTC drugs are eligible for reimbursement with your HSA.

CARES Act prescription and documentation

Overall, an HSA card can be used for OTC drugs, but it's essential to follow the guidelines set forth by the CARES Act to ensure compliance and proper usage of your HSA funds.

Reminder: follow guidelines for compliance

When considering Health Savings Accounts (HSAs), a frequently asked topic is whether you can use your HSA card for over-the-counter (OTC) medications. The great news is that you can, but there are specific guidelines to keep in mind.