04/26/2020
The Cares Act has opened up some changes to FSA's, retroactive to Jan 1, 2020. Contact us to learn more:
The law also lets account holders use their HSAs, health reimbursement arrangements (HRAs) or flexible spending accounts (FSAs) to buy over-the-counter medical products, such as drugs and surgical MASKS, without a prescription. Further, it allows HSAs, HRAs and FSAs to pay for certain menstrual care products, such as tampons and pads, as eligible medical expenses. These are permanent changes and apply retroactively to purchases beginning Jan. 1, 2020.
RESOURCE: SHRM.ORG