Pedialyte is a popular over-the-counter product that can help kids and adults recover from illness and dehydration. Initially, Pedialyte was the go-to for parents wanting to help kids hydrate. But today, people of all ages drink it.
This product is available at most drugstores and grocery stores. You can purchase it over the counter with no prescription. So that begs the question: Can you use your HSA to buy Pedialyte?
HSAs and Qualified Medical Expenses
A health savings account (HSA) is a financial tool that helps you save for medical expenses. Unlike flexible spending accounts (FSAs), HSAs aren’t tied to your employer. Therefore, they stay with you and can grow substantially over your lifetime. Many turn to HSA companies to establish savings exclusively for healthcare costs they’ll incur later in life, but you’re free to start using the funds at any time.
HSAs are tax-advantaged. The contributions are tax-deductible, growth is tax-deferred and distributions are tax-free if you use them on qualified medical expenses. So, what will an HSA cover?
You can use your HSA to pay for all the usual expenses like doctor’s visits, surgical procedures, prescription drugs, etc. However, you can also use those funds to pay for over-the-counter care products.
That includes Pedialyte!
The IRS sets guidelines to determine what qualifies as a medical expense. However, it generally includes anything medically necessary. HSA companies often publish a list of product categories for easy reference. However, many stores also have designated sections for HSA-eligible purchases. You can use it to buy Pedialyte, OTC drugs, bandages and more.
What is Pedialyte?
Pedialyte is more than a tasty beverage. It’s a rehydration solution formulated to replenish lost electrolytes and fluids. Originally, Pedialyte was a means to treat symptoms of cholera and other diarrhea-related diseases. It’s a less invasive alternative to intravenous fluids and can play a big part in recovery and rehydration.
Many people use Pedialyte to overcome stomach bugs and conditions that cause dehydration. However, it can also help you stay healthy when exposed to intense heat or recover after a difficult workout. It’s also the go-to for preventing dehydration during travel, after donating blood, during bouts of food poisoning and more.
Author Resource:-
Daniel Stewart has been helping people with their money management and personal finance with over 15 years’ experience in business finance. You can find his thoughts at HSA investment advice blog.
