... FSA- vs. HSA-eligible expenses. State taxes may apply. 11. Use your Optum Bank payment Mastercard ® as you normally would for these purchases. Dependent care FSA expenses: If you have children under 13 or adult dependents who aren’t capable of caring for themselves, you can use your dependent care FSA to pay for eligible daycare expenses. Both provisions for OTC and menstrual products apply to amounts paid or expenses incurred on or after January 1, … For the first time, menstrual care products are considered qualified medical expenses for payment or reimbursement with an HSA, FSA or HRA. To pay for qualified medical expenses, choose the option that’s most convenient for you: • Use your Optum Bank debit Mastercard®. Health savings accounts (HSAs) are individual accounts offered by Optum Bank ®, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code.State taxes may apply. Eligible expenses include medical, dental, vision, hearing and prescription drug expenses. Use your health care FSA or limited purpose FSA money, or dependent care FSA to pay for qualified medical expenses. Individual merchants, like pharmacies and convenience stores, must update their point of sale (POS) system to now recognize these products as qualified medical expenses for FSA and HRA. Use your Optum Bank payment Mastercard ® as you normally would for these purchases. With an Optum Bank FSA, you have the tools and resources to make the most of your health care dollars. in child care expenses, you would be eligible to take an additional tax credit of $250 ($1,000 x 25% tax credit percentage based on income level). FSA Eligible Expenses Managing your FSA is simple With an Optum™ FSA, it’s easy to use your account. Where can I use my Optum Bank payment Mastercard ®? We’re everywhere you go The Optum Bank mobile app is the most ... Common FSA eligible/ineligible expenses • The IRS publishes information on FSAs and eligible medical expenses. • Use online bill pay. The Optum Bank mobile app is the most convenient way to check your balance, submit and review claims, and receive messages—even when you’re in line at the pharmacy. Health savings accounts (HSAs) are individual accounts offered by Optum Bank ®, Member FDIC, and are subject to eligibility and restrictions, including but not limited to restrictions on distributions for qualified medical expenses set forth in section 213(d) of the Internal Revenue Code. • Pay out-of-pocket and then distribute funds from your HSA to reimburse yourself. You can snap a photo of a receipt using your device’s camera and upload it to your account to document your claim. For more information, visit optumbank.com. Qualified Medical Expenses Save your receipts. You can also use the FSA funds to pay for copays, coinsurance and a variety of other eligible items. ... such as HSA Bank, Fidelity, HealthEquity, or Optum. Individual merchants, like pharmacies and convenience stores, must update their point of sale (POS) system to now recognize these products as qualified medical expenses for FSA and HRA. Here's what's on the list for 2020 and 2021. 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