qualified medical expenses
Senators Introduce Dietary Supplements Access Act, Industry Responds
On May 20, U.S. Senators Kevin Cramer (R-ND) and John Curtis (R-UT) introduced the Dietary Supplements Access Act, legislation that would allow dietary supplements to be purchased using HSAs (Health Savings Accounts), FSAs (Flexible Spending Accounts), and HRAs (Health Reimbursement Arrangements). The measure is designed to give families more flexibility to invest in preventative health ...
NPA Urges IRS to Include Supplements as Qualified Medical Expenses
The Natural Products Association (NPA) urged the Internal Revenue Service (IRS) to modernize IRS Publication 502 to expand “qualified medical expenses” to include nutritional and dietary supplements that carry U.S. Food and Drug Administration (FDA)-authorized health claims or structure-function claims. This update would allow consumers to use their Health Savings Accounts (HSAs), Flexible Spending Accounts ...
Survey Confirms a Majority of Americans Want to Use Pre-Tax Dollars to Purchase Nutritional Supplements
The Council for Responsible Nutrition (CRN) and the Consumer Healthcare Products Association (CHPA) announced the findings of a jointly commissioned Ipsos survey, which explored people’s understanding of how their flexible spending accounts (FSAs) and health savings accounts (HSAs) are used and how they should work, specifically regarding the purchase of dietary supplements. Nearly eight out ...
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