Peroxide: FSA Eligibility

Peroxide: requires a prescription to be eligible with a Flexible Spending Account (FSA)

Peroxide is an eligible over-the-counter (OTC) medicine with a prescription with a flexible spending account (FSA), health savings account (HSA) or a health reimbursement arrangement (HRA). Peroxide reimbursement is not eligible with a limited care flexible spending account (LCFSA) or a dependent care flexible spending account (DCFSA).

What is peroxide?

Peroxide is a chemical compound that in its purest form is a colorless liquid, and is very similar to the chemical composition of water, but features two oxygen atoms bonded together in its molecule. Peroxide is used in a variety of ways, most often as an oxidizer, disinfectant or bleaching agent, and its most common form is hydrogen peroxide which has the most basic chemical composition and is used in a variety of medical applications.

Hydrogen peroxide has been the go-to antiseptic for minor cuts, scrapes and burns for generations, and it works by releasing oxygen when it's applied to the affected area. This in turn will cause the liquid to foam up, which will remove dead skin that may still be present and disinfect the area to prepare it for a bandage or other wound dressing. Hydrogen peroxide is also extremely effective mouth rinse to remove mucous, to treat mouth irritation (canker sores, gingivitis, etc.) or to prevent infections after a tooth extraction by disinfecting these areas during each use. However, hydrogen peroxide should not be used for deep wounds, major burns or animal bites (WebMD).

Why does peroxide require a prescription for reimbursement?

As a result of the passage of the Patient Protection and Affordable Care Act (PPACA), as of January 1, 2011, OTC items containing an active medical ingredient require a prescription for reimbursement with an FSA, HSA or HRA. To reimburse the cost of OTC medicines and drugs under FSAs, HSAs and other consumer spending accounts, account holders must submit a prescription for each product.

However, not every OTC product falls under this distinction and thousands of products continue to remain eligible without a prescription including bandages, first aid supplies, most sunscreens, diagnostic products, products for infant care and so much more. For more information on a specific product, be sure to consult our Eligibility List.

Looking to check the eligibility of something else? Thousands of products and services qualify!

Search the Eligibility List

Additional Information's Prescription Process can help. Click Here to learn more.

Specifically Not Covered

Not eligible without a prescription.

Legal Information / Regulations

Prescription Required. Information Letter (IL) 2009-0209; Notice 2010-59.

Check out these FSA Eligible Categories