Yes, ear plugs are considered Health Savings Account (HSA) eligible. This is because they are considered a medical expense and can be used to help with the treatment of a medical condition. There are a few different types of ear plugs that can be used for different purposes, but they all generally fall under the category of medical expenses.
What are ear plugs?
Ear plugs are small devices that are inserted into the ear canal in order to protect the user's ears from loud noises. Ear plugs are often used in industrial and construction settings where there is a lot of noise pollution. They can also be used in recreational settings, such as at concerts or nightclubs, in order to prevent damage to the user's hearing. There are a variety of different ear plugs available on the market, made from different materials and with different noise-reduction capabilities. Ear plugs are a relatively inexpensive way to protect one's hearing, and they can be easily inserted and removed.
Frequently Asked Questions
Can I purchase over-the-counter medications with an HSA or FSA?
Yes, over-the-counter medications and menstrual care products are now eligible for purchase with HSAs, FSA accounts, and HRAs.
What can I buy with my HSA?
You can use your HSA to cover qualified expenses such as: emergency care, including doctor visits and hospitalizations dental care vision care family medical expenses, including prescriptions, maternity and newborn care, paternity leave, and adoption benefits
Are exercise balls eligible for reimbursement?
No, exercise balls are not eligible for reimbursement with a flexible spending account (FSA), health savings account (HSA), or a health reimbursement arrangement (HRA).
What is an HSA and how does it work?
An HSA is a type of retirement savings account available through most insurance companies and employer plans. With an HSA, you can pay for qualified healthcare expenses with tax-free contributions from your employer or salary income. These contributions are then deposited into the account, which can cover eligible healthcare costs without penalty tax or added cost to your plan coverage. To supplement these benefits, many HSAs offer investing options that can help grow your money over time.
Can I buy OTC medications with my FSA or HSA?
Yes, the new CARES Act allows you to use your FSA or HSA funds to buy popular OTC drugs.
