Effective immediately, over-the-counter (OTC) drugs and medications without a doctor’s prescription can be paid for with your Health Savings Account & Flexible Spending Account. For a list of other qualified medical expenses you can make with your Health Savings Account or Flexible Spending Account click here.
The recently passed CARES Act provides access to retirement funds due to COVID-19. Participants are eligible to take an early withdrawal or loan from a Prudential Retirement savings account if they meet one of the following requirements:
Early withdrawals related to COVID-19 would not be subject to the usual 10% penalty, and loan amounts have increased to $100,000, if needed.
Click Here to review Prudential’s overview for additional detail and guidelines.
From now through July 15, 2020 employees who were enrolled in the LG Consumer medical plan in calendar year 2019 are able to contribute more dollars towards their H.S.A for tax year 2019. Please contact Health Equity by calling 1-877-397-4769 to contribute towards the 2019 calendar year.