Insulin
Insulin is eligible for HSA, FSA, and HRA reimbursement when prescribed by a medical professional for the treatment of a medical condition.
Eligibility Matrix
Eligibility status for all account types
| Account Type | Status |
|---|---|
| HSA | Eligible |
| FSA | Eligible |
| HRA | Eligible |
Requirements
A prescription from a licensed medical professional is required for insulin to be eligible for reimbursement.
The insulin must be used to treat a diagnosed medical condition, such as diabetes.
Quick Reference
The IRS considers amounts paid for medicines, including prescription drugs, to be qualified medical expenses if they are prescribed by a doctor. Insulin is a prescription drug used to treat diabetes, a recognized medical condition. Therefore, it is eligible for reimbursement from health spending accounts.
When It Qualifies
- •Must be prescribed by a licensed medical professional.
- •Must be used to treat a diagnosed medical condition (e.g., diabetes).
When It Doesn't
- •Insulin purchased without a valid prescription is not eligible.
- •Insulin used for cosmetic purposes or general health not related to a medical condition is not eligible (though highly unlikely for insulin).
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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 this information is based on IRS guidelines, individual plan administrators may have specific requirements. Always retain your receipts and documentation for substantiation. This information is for educational purposes and not tax or legal advice.