Is hand sanitizer covered by FSA? This is a question that has been on the minds of many individuals, especially during the COVID-19 pandemic when the use of hand sanitizers became crucial for maintaining hygiene. In this article, we will explore whether hand sanitizers are eligible for coverage under the Flexible Spending Account (FSA) and provide you with the necessary information to make an informed decision.
The Flexible Spending Account, commonly known as FSA, is a tax-advantaged financial account that allows employees to set aside pre-tax dollars for qualified medical expenses. These expenses can include a wide range of items, such as prescription medications, over-the-counter (OTC) drugs, and certain health care products. However, the question remains: Are hand sanitizers one of those eligible expenses?
According to the IRS guidelines, hand sanitizers are considered eligible for FSA coverage if they meet specific criteria. The product must be labeled as an OTC drug and contain at least 60% alcohol by volume. Additionally, it should be used for the prevention of infection and not just for hand hygiene. This means that hand sanitizers that are specifically designed for sanitizing hands and are deemed effective against germs and bacteria are typically covered.
It is important to note that while hand sanitizers may be covered, there are certain limitations. For example, the FSA may only cover hand sanitizers purchased for personal use and not for business or commercial purposes. Moreover, the amount covered may vary depending on the FSA plan and the specific policy of the employer. Some plans may have a limit on the amount that can be spent on hand sanitizers, while others may not have any restrictions.
Before making a purchase, it is advisable to consult your employer’s FSA administrator or review your FSA plan’s guidelines to ensure that hand sanitizers are indeed covered. This will help you avoid any surprises and ensure that you are maximizing the benefits of your FSA account.
In conclusion, hand sanitizers can be covered by the Flexible Spending Account (FSA) if they meet the criteria set by the IRS. However, it is essential to check with your employer’s FSA administrator or review your plan’s guidelines to confirm coverage and understand any limitations. By doing so, you can make the most of your FSA account and ensure that you are prepared to maintain proper hygiene during these challenging times.
