Compound W
Compound W is eligible for HSA, FSA, and HRA as an over-the-counter medicine used to treat a medical condition.
Eligible for HSA, FSA, HRAhigh confidence
Eligibility Matrix
Eligibility status for all account types
| Account Type | Status |
|---|---|
| HSA | Eligible |
| FSA | Eligible |
| HRA | Eligible |
Quick Reference
Over-the-counter medicines and drugs are considered qualified medical expenses if they are used to alleviate or prevent a physical or mental defect or illness. Compound W is an OTC medication specifically designed to treat warts, which is a medical condition.
When It Qualifies
- •The expense must be for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body.
When It Doesn't
- •Not eligible if used for general health, cosmetic purposes, or if it's merely beneficial to general health (e.g., vitamins for general well-being without a specific medical condition).
Similar Items
Official Source
IRS Publication 502
Medicines
View on IRS.gov
Important Notice
- •Your specific plan may have different rules
- •Keep all receipts and documentation
- •This is informational only, not tax or legal advice
While this information is based on IRS guidelines, individual plan administrators may have specific rules. Always retain your receipts for tax and substantiation purposes. This information is for educational purposes only and not tax or legal advice.