Gold Bond
Many Gold Bond products, specifically those classified as over-the-counter (OTC) medicines or drugs, are eligible for HSA, FSA, and HRA reimbursement.
Eligibility Matrix
Eligibility status for all account types
| Account Type | Status |
|---|---|
| HSA | Eligible |
| FSA | Eligible |
| HRA | Eligible |
Quick Reference
The CARES Act of 2020 expanded the definition of qualified medical expenses to include over-the-counter (OTC) medicines and drugs without a prescription. IRS Publication 502 confirms that amounts paid for OTC medicines or drugs are qualified medical expenses. Many Gold Bond products, such as medicated powders, anti-itch creams, and lotions designed to treat specific skin conditions, fall under this category.
When It Qualifies
- •The product must be an over-the-counter (OTC) medicine or drug.
- •The product must be used to treat or prevent a medical condition.
- •It must not be solely for cosmetic purposes or general hygiene without a medical claim.
When It Doesn't
- •Products used solely for cosmetic purposes.
- •General hygiene products that do not treat or prevent a medical condition.
Similar Items
Official Source
IRS Publication 502 (2024)
Medicines and Drugs
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
Eligibility can vary based on your specific plan administrator's interpretation and documentation requirements. Always retain your receipts and check with your plan administrator for final approval. This information is for educational purposes only and not tax or legal advice.