Displaying items by tag: HSA
Tuesday, 31 January 2023 00:53
HSA Basics
Investing in a health savings account (HSA) is a rapidly growing trend. An HSA is a tax-exempt savings account used to pay for qualified out-of-pocket medical expenses of an individual, their spouse and dependents.
Published in
Benefits 101
Tuesday, 08 March 2022 23:27
At-home COVID Tests are Reimbursable under FSAs and HSAs
The IRS has reminded taxpayers that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), and some health reimbursement arrangements (HRAs). The cost to diagnose COVID-19 is an eligible medical expense for tax purposes.
In addition, the costs of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for the primary purpose of preventing the spread of COVID-19 are eligible medical expenses.
Published in
Fall River News