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The FSA Eligibility List is a list of tens of thousands of medical items that have been determined to be qualified expenses for flexible spending accounts in the United States. The U.S. Internal Revenue Service outlines eligible product categories in its published guidelines. [ 1 ]
The Elementary and Secondary School Emergency Relief Fund, also known as ESSER. [1] is a $190 billion program created by the U.S. federal government's economic stimulus response bills, the Coronavirus Aid, Relief, and Economic Security Act (), Consolidated Appropriations Act, 2021, the American Rescue Plan Act of 2021 (ARP Act), passed by the 116th and 117th U.S. Congress.
Another FSA feature that was introduced in 2003, is the ability to pay for over-the-counter (OTC) drugs and medical items. [22] In addition to substantially expanding the range of "FSA-eligible" purchases, adding OTC items made it easier to "spend down" medical FSAs at year-end to avoid the "use it or lose it" rule.
A flexible spending account (FSA) is a tax-advantaged way to pay for medical costs, including services and health-related items. One downside of these accounts is that they are "use it or lose it
If you set up an FSA contribution for 2020 (i.e. pre-pandemic), there’s a chance you can get an extension beyond the typical grace period, which ends March 15. (Yep, due to COVID-19, the IRS has ...
Shop thousands of HSA and FSA eligible items, like skincare and glasses, at online retailers, like Amazon and Walmart, to use your HSA dollars before January 1.