CARES Act and FSA, HSA and HRA

Included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law on March 27, 2020 is the restored ability to use HSAs, FSAs and some HRAs to purchase certain over- the- counter drugs and medications, like aspirin and other pain medications, allergy medication, etc., without a doctor’s prescription.

For the first time, menstrual care products are also considered qualified medical expenses for payment or reimbursement with an HSA, FSA or some HRAs.

Both provisions for over- the- counter and menstrual products apply to amounts paid or expenses incurred on or after January 1, 2020, and are ongoing without an expiration date.