Also see Publication 502 at more information including a worksheet. In response to COVID-19, a new federal law expands how you can use. The difference between the cost of the improvement minus the increased value equals the eligible expense. Over-the-counter medicines and menstrual care products are now fully FSA & HSA-eligible. Note: The amount paid for the improvement is reduced by the increase in the value of your home or property. How much is reimbursed depends on the extent to which the expense permanently improves the property and whether others benefit. Expenses for improvements or special equipment added to your home can be reimbursed if the main purpose of the item is medical care. Include evidence of medical necessity by providing a Letter of Medical Necessity (LMN) that specifically identifies the recommendation and expense is for treatment of a medical condition with the request for reimbursement.Ī capital expense (permanent or portable) can be reimbursed if its purpose is to provide medical care for you, your spouse or dependent. #Hsa eligible expenses 2020 professional#*Note: Storage fees can only be submitted for planned fertilizations during the current plan year.Ī health care professional must provide evidence of medical necessity for the cost of installing equipment in the home to be an eligible medical expense. Reverse vasectomyEmbryo replacement and storage. *Note: Storage fees can only be submitted for planned fertilizations during the current plan year. Sperm bank storage/fees for artificial insemination. Eligible medical expenses include (but are not limited to):Īrtificial insemination (intracervical, intrauterine, intravaginal) To qualify as potentially eligible, procedures must be intended to overcome an inability to have children due to medical reasons and are performed on you, your spouse or your dependent. Include evidence of medical necessity by providing a Letter of Medical Necessity (LMN) that specifically identifies the recommendation and expense is for treatment of a medical condition with the request for reimbursement. A health care professional must provide evidence of medical necessity for the cost of Artificial Reproductive procedures to be an eligible medical expense.
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