Question of the Week – FSA Documentation for Prescriptions

Q. - What type of documentation is needed for a Prescription to be reimbursed from a Health FSA? 

A. - To be reimbursed for a prescription under a Health FSA, the participant must provide documentation that meets IRS requirements.

Required Documentation 

Submit a receipt or pharmacy statement that includes the following details: 

• Patient Name: The name of the individual the prescription is for.
• Pharmacy Name: The name of the pharmacy where the prescription was filled.
• Fill Date: The date the prescription was filled (not the pick-up or payment date).
• Prescription Number: The unique identifier assigned to the prescription.
• Amount Paid: The cost of the prescription being claimed.

What Is Not Accepted? 

• Credit card receipts or billing statements without the required details.
• Generic terms or incomplete descriptions (e.g., “medication” instead of the specific prescription information).

Providing accurate and complete documentation ensures a prescription claim is processed without delays.  

Benefit Allocation Systems (BAS) provides best-in-class, online solutions for: Employee Benefits Enrollment; COBRA; Flexible Spending Accounts (FSAs); Health Reimbursement Accounts (HRAs); Leave of Absence Premium Billing (LOA); Affordable Care Act Record Keeping, Compliance & IRS Reporting (ACA); Group Insurance Premium Billing; Property & Casualty Premium Billing; and Payroll Integration.

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