Put that flex spending account to good use.
Previously, people were only permitted to— and for some reason, period products were never deemed a healthcare expense. Instead, these expenses were limited to"the costs of diagnosis, cure, mitigation, treatment, or prevention of disease."
By re-classifying menstrual products as"medical expenses," this bill will let shoppers pay for their products with flexible spending accounts and health savings accounts, which use pretax dollars taken from workers' paychecks. The bill will also retroactively cover costs through January 1, 2020. As the new bill states,"Amounts paid for menstrual care products shall be treated as paid for medical care" for HSAs and Archer medical savings accounts.
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