Is All Sunscreen HSA Approved? - Understanding HSA Eligibility of Sunscreens

When it comes to sunscreen and health savings accounts (HSAs), there are specific guidelines to consider. Not all sunscreens are HSA approved, and it's essential to understand what makes a sunscreen eligible for HSA reimbursement.

HSAs are tax-advantaged savings accounts designed to help individuals save for qualified medical expenses. To be eligible for HSA reimbursement, the sunscreen must meet certain criteria:

• It must be used to prevent sunburn.
• It should have a Sun Protection Factor (SPF) of 15 or higher.
• It should protect against both UVA and UVB rays.
• It should be broad-spectrum.

If a sunscreen meets these criteria, it is generally considered HSA eligible. However, it's always a good idea to check with your HSA provider or consult the list of eligible expenses provided by the IRS to confirm.

It's important to note that cosmetic sunscreens, tanning oils, and other products primarily used for cosmetic purposes are typically not eligible for HSA reimbursement. Additionally, sunscreen lip balms and makeup with added SPF may not qualify unless they meet the criteria mentioned above.

When purchasing sunscreen with the intention of using your HSA funds, it's advisable to keep the receipt as proof of purchase. This documentation may be required in case of an audit or verification by your HSA provider.

Understanding the guidelines for HSA eligibility of sunscreens can help you make informed decisions about your healthcare expenses and ensure that you are maximizing the benefits of your HSA.

When you're choosing sunscreen and considering your health savings account (HSA), it's crucial to know that not every sunscreen on the shelf is approved for HSA spending. Understanding the specific guidelines will help you maximize your savings on necessary sun protection.