COVID Home Testing Kits ARE an Eligible Medical Expense

The IRS (Internal Revenue Service) reminds taxpayers that the cost of home testing for COVID-19 IS an eligible medical expense, thereby making them eligible for health spending plans.

Expenses for the children can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs) or Archer medical savings accounts (Archer MSAs).  Those kits are covered because “the cost to diagnose COVID-19 is an eligible medical expense for tax purposes,” according to the IRS.

Other personal protective equipment such as masks, hand sanitizer and sanitizing wipes are also eligible for reimbursement plans.

(AL.COM/www.al.com)

You can get more information here.

Facebook
X
LinkedIn
Email
Print