Solved: Qualified Medical Expenses (CARES ACT)
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michasiegel91
Level 3

Qualified Medical Expenses (CARES ACT)

Under the CARES Act over the counter drugs are considered qualified medical expenses that may be paid for with an HSA/FSA. Does this apply to itemized medical expense deduction as well?

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Hal_Al
Level 15

Qualified Medical Expenses (CARES ACT)

No. "Non-prescribed OTC drugs and products (other than insulin) continue to be non-deductible by individuals under Code Section 213". 

Reference: https://www.nixonpeabody.com/en/ideas/blog/benefits/2020/04/07/cares-act-reverses-aca-restriction-on...

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Hal_Al
Level 15

Qualified Medical Expenses (CARES ACT)

No. "Non-prescribed OTC drugs and products (other than insulin) continue to be non-deductible by individuals under Code Section 213". 

Reference: https://www.nixonpeabody.com/en/ideas/blog/benefits/2020/04/07/cares-act-reverses-aca-restriction-on...

View solution in original post

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