With such unprecedented times, it is normal to have questions about the CARES Act and what it means for you. This act is designed to provide much needed health care cost relief during the fight against COVID-19. Let’s review how this impacts the use of your HRA.
All menstrual products such as tampons, pads, liners, cups, and sponges, are an approved expense. Over the counter drugs that are regulated, have an active ingredient, and are not categorized as food by the FDA, are also eligible. This includes items such as hand sanitizer or cold medicine. The menstrual product changes are permanent. You will still need to provide documentation showing the date the item was purchased, the cost, and a description of the item. New allowable expenses that fall under the CARES act can be submitted retroactively from January 1st 2020 on.
Dietary supplements, most vitamins, or herbal medications such as protein shakes or fish oil, are not regulated by the FDA. They are designated as food. These items will still require a doctor’s note.
This act is a cost relief win at a much needed time for Americans. It adds even more value to your HRA benefits.