Can You Purchase OTC Cold Meds with Optum HSA?

If you're wondering whether you can buy over-the-counter (OTC) cold medications with your Optum Health Savings Account (HSA), the answer is yes!

Using your Optum HSA to purchase OTC cold meds is one of the benefits of having an HSA account. It allows you to use pre-tax dollars to buy a wide range of eligible healthcare products, including OTC medications.

Here are some points to consider when buying OTC cold meds with your Optum HSA:

• Ensure the OTC cold medication is HSA-eligible. Most common cold and flu remedies are eligible expenses.
• Keep your receipt for documentation in case of an HSA audit.
• Check with your HSA provider for any specific guidelines or restrictions.

Remember, using your Optum HSA for OTC cold meds is a convenient way to manage your healthcare expenses while saving money on taxes!

If you're considering purchasing over-the-counter (OTC) cold medications with your Optum Health Savings Account (HSA), you can rest easy knowing the answer is a resounding yes! Enjoy using your HSA funds for OTC products and simplify your healthcare spending.