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September 10, 2021

Cost of home testing for COVID-19 is an eligible medical expense, can be paid from FSAs, HSAs, HRAs, etc.

The IRS has announced (IR-2021-181) that the cost of home testing for COVID-19 constitutes an eligible medical expense that may be paid or reimbursed under health flexible spending arrangements (health FSAs), health savings accounts (HSAs), health reimbursement arrangements (HRAs), and Archer medical savings accounts.