IRS Reminder That COVID-19 Home Testing is FSA, HRA, HSA Eligible

In a recent news release, the IRS reminds employers and employees that the cost of COVID-19 home testing is an eligible expense under a health care flexible spending account (FSA), health reimbursement arrangement (HRA), and health savings account (HSA).

This may be particularly important with President Biden’s announcement of a weekly testing requirement for employers of 100 or more employees and for federal contractors, with an opt-out provision from testing for those who are fully vaccinated (two weeks after either two doses of the Pfizer or Moderna vaccine, or one dose of the J&J vaccine).