Using My FSA or HSA to Purchase Preparation H Products

On March 27th, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed, with inclusions mandating updates on the use of health savings accounts (HSAs), flexible spending accounts (FSAs) and health reimbursement accounts (HRAs). The passage of the CARES Act by Congress includes provisions to restore over-the-counter eligibility under tax-preferred HSA and FSA accounts. Your plan details can vary, so make sure to save your receipts and check with your benefits or health provider for eligibility to purchase Preparation H products.