The IRS issued a reminder to taxpayers that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under FSAs, HSAs, and HRAs.
The IRS reminder comes after President Biden announced his six-pronged, national strategy to combat COVID-19. Home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under FSAs, HSAs, HRAs, and Archer MSAs.
The IRS also reminded taxpayers that the costs of personal protective equipment, such as masks, hand sanitizer and sanitizing wipes, for preventing the spread of COVID-19 are eligible medical expenses that can be reimbursed under health FSAs, HSAs, HRAs, and Archer MSAs.
For more information regarding details on deductibility of medical expenses, view here
If you have any questions regarding your current health coverage or whether an expense is eligible for reimbursement, please contact us at info@jtsfs.com
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