Question of the Week

Posted by BAS - 16 March, 2023


Q.- I understand COVID-19 tests may not be covered by insurance soon. If I need to buy a test in the future, may I submit the cost for reimbursement from my health FSA?

A.- Yes. The IRS has advised that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), and health reimbursement arrangements (HRAs).

Topics: Healthcare FSA, Covid, coronavirus resources, Flexible Spending Accounts

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