TheraTears
TheraTears, as an over-the-counter (OTC) medicine for treating dry eyes, is eligible for HSA, FSA, and HRA reimbursement.
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
The IRS considers medicines and drugs that are primarily for medical care to be qualified medical expenses. Following the CARES Act of 2020, over-the-counter (OTC) medicines and drugs, including eye drops like TheraTears, no longer require a prescription to be eligible for reimbursement from HSAs, FSAs, and HRAs.
When It Qualifies
- •The product must be used to alleviate or treat a medical condition, such as dry eyes.
- •It must not be for general health or cosmetic purposes.
When It Doesn't
- •Products used solely for cosmetic purposes.
- •Products for general health that do not treat a specific medical condition.
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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 and reimbursement purposes. This information is for educational purposes only and not tax or legal advice.