The IRS has posted a FAQ webpage that addresses whether certain costs related to nutrition, wellness and general health are medical expenses that may be paid or reimbursed under a health savings account (HSA), health flexible spending arrangement (FSA), Archer medical savings account (Archer MSA) or health reimbursement arrangement (HRA).
Generally, the IRS allows a deduction for expenses paid during the taxable year for medical care if taxpayers meet certain requirements. Alternatively, certain medical expenses are eligible to be paid or reimbursed under an HSA, FSA, Archer MSA or HRA.
The FAQs webpage addresses issues such as whether the cost of nutritional counseling, weight-loss programs, gym memberships and treatment for substance use disorders are considered medical expenses that may be paid or reimbursed under a medical savings account. Read more.