Tuesday, October 26, 2010

New Rules on Reimbursements from Health Savings Accounts

Source: Deloitte

Distributions from Health Savings Accounts (HSAs) to pay for a medicine or drug will not be qualified medical expenses unless the medicine or drug:

  • can be obtained only with a prescription
  • is available without a prescription (i.e., “over-the-counter”) but the individual obtains it with a prescription, or
  • is insulin.

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