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Coronavirus stimulus bill: Use HSA or FSA to buy pads, tampons - Business Insider

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The $2 trillion coronavirus stimulus bill also includes a provision that'll help you save on pads and tampons

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.A $2 trillion spending bill to rescue the economy and the healthcare industry from the coronavirus pandemic passed the US Senate last night. It's now headed to the House.

A provision in the bill would let people use health savings accounts and flexible spending account to pay for menstrual products, something that currently isn't allowed. You can put money from your paycheck into those accounts without paying taxes on it, effectively making it cheaper to buy menstrual products.Shoppers are about to get a break on purchasing period products under a provision tucked into thewould allow people to pay for pads, tampons, cups, sponges, and liners with flexible spending accounts and health savings accounts, which use pre-tax dollars taken from workers' paychecks.

That would change under the coronavirus rescue package going before the House Friday and expected to get President Donald Trump's signature this weekend. The bill would re-classify period products as "medical expenses," allowing shoppers to buy them with their FSAs or HSA debit cards at the store.

 

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Pads are very useful, can be made into masks. It can save your life. Ask your wife and mom now

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