Goody's Powder
Goody's Powder is eligible for HSA, FSA, and HRA reimbursement as an over-the-counter (OTC) medicine.
Eligibility Matrix
Eligibility status for all account types
| Account Type | Status |
|---|---|
| HSA | Eligible |
| FSA | Eligible |
| HRA | Eligible |
Quick Reference
The CARES Act of 2020 made over-the-counter medicines, including pain relievers like Goody's Powder, eligible for reimbursement through HSAs, FSAs, and HRAs without the need for a prescription. These expenses are considered qualified medical expenses because they are used 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 Qualifies
- •The expense must be for medical care as defined by IRS rules.
- •The product must be used to alleviate or treat a medical condition, such as pain or fever.
When It Doesn't
- •Expenses for general health or cosmetic purposes are not eligible.
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Important Notice
- •Your specific plan may have different rules
- •Keep all receipts and documentation
- •This is informational only, not tax or legal advice
While generally eligible, specific plan administrators may have their own substantiation requirements. Always retain your receipts for tax purposes and check with your plan administrator for any specific rules. This information is for educational purposes only and not tax or legal advice.