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Unreimbursed Medical Spending Account
Over-the-counter drugs are now ELIGIBLE for reimbursement in the Unreimbursed Medical Spending
Account. The IRS ruled on 9/3/03 that over-the-counter products/medications deemed for "medical care"
will be considered reimbursable. "Medical care" includes amounts paid for the diagnosis, cure, mitigation,
treatment, or prevention of disease. Amounts paid for medicines and drugs are expenditures for medical
care, but expenditures that are merely beneficial to the general health of an individual are not.
Expenses that qualify for reimbursement include:
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Acupuncturist's fees |
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Hospital bills |
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Alcoholism treatment |
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Insulin |
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Ambulance service |
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Laboratory fees |
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Annual physical examinations |
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Mental health care |
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Chiropractic services |
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Obstetrical expenses |
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Contact lenses and solutions |
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Oral surgery |
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Copayments |
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Orthodontia |
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Crutches |
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Orthopedic devices |
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Deductibles |
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Periodontics |
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Dental examinations |
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Physician fees |
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Dentures |
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Prescription drugs |
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Diabetic supplies |
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Psychiatric care |
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Diagnostic fees |
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Psychologist's fees |
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Doctor visits |
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Smoking cessation programs |
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Durable medical equipment |
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Surgical fees |
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Eye exams, glasses, and contact lenses |
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Travel to and from doctor's office |
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Eye surgery (cataracts, LASIK, etc.) |
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Vitamins and supplements (ONLY when prescribed by a physician) |
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Hearing devices and batteries |
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Wheelchair |
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X-rays |
Health Care expenses that DO NOT qualify for reimbursement include:
- Vitamins and supplements are NOT covered UNLESS prescribed by a physician to treat a specific medical condition.
- Membership fees to a fitness club, even if prescribed by a doctor for a specific medical
condition, are not eligible for reimbursement under the TaxSave program. The IRS has ruled that
these expenses are not eligible under any circumstance.
- Cosmetic prescriptions and procedures, including teeth bleaching, are not allowable.
- Insurance premiums.
- Expenses incurred before you became eligible for the plan, or during any period you did not contribute to the plan.
- Expenses paid by insurance. Only necessary medical and dental expenses "NOT" paid by insurance will be reimbursed from the account.
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