Great news! The new Coronavirus, Aid, and Economic Security (CARES) Act permanently repeals the Affordable Care Act that prohibited Health Savings Account (HSA) money being used to purchase Over-The-Counter (OTC) medications obtained without a prescription!
What does this mean to you?
If you currently have a Health Savings Account (HSA), you can now use those funds (TAX FREE MONEY) to purchase things like Tylenol, Advil, Iburprofen, Nyquil, nasal spray, Zantac, Tums, Sudafed, and menstrual products etc. without needing a prescription!
Best part is that it’s EFFECTIVE BACK TO JANUARY 1, 2020! So, if you’ve already purchased OTC medications in 2020 and still have those receipts, you can submit them to the MotivHealth HSA for reimbursement from your HSA account.
This is still really new and has a lot of moving parts. MotivHealth is working feverishly to get this up and running. Currently, their system is set up to allow for the reimbursements and they have “turned on” the feature to allow your HSA card to be used. However, the retail store you are buying from still needs to do their part to delineate the items as eligible. So, if you try to purchase OTC medications or menstrual products with your HSA card and it doesn’t work yet, you can use your personal funds and submit for reimbursement through MotivHealth.
Contact Info
Please contact MotivHealth at 844-234-4472 to get more information on how your HSA can be used to purchase over-the-counter medications or menstrual products.
The HSA Reimbursement Form is also available for download.
Also, if you have a Limited Purpose Flexible Spending Account with Magleby, once you’ve met your individual deductible, you can also use those funds to purchase over-the-counter medications. Please contact HRPro at 800-989-8776, www.hrpro.biz, for more information.
