Wondering if FSA covers weight loss medication? Learn what’s eligible, what’s not, and how to use your FSA for health-related expenses.
If you’re on a journey to better health, you may be asking, Can you use FSA for weight loss medication? With rising healthcare costs, knowing how to maximize your Flexible Spending Account (FSA) can make a significant difference.
An FSA is a pre-tax benefit account that allows you to pay for qualified medical expenses. But here’s where it gets tricky — not all medications or treatments are eligible, especially when it comes to weight loss. So, can FSA funds be used for weight loss medication? The answer is yes, but with conditions.
In most cases, weight loss medications and programs must be prescribed by a licensed healthcare provider for a diagnosed medical condition such as obesity, diabetes, or hypertension. If it’s for general fitness or appearance, the IRS does not consider it an eligible expense.
So how do you make sure your weight loss treatment is covered?
Here’s what you need to know:
- Obtain a Letter of Medical Necessity from your healthcare provider.
- Ensure the weight loss medication is FDA-approved and prescribed to treat a medical issue.
- Use an FSA-compliant provider or pharmacy when purchasing the medication.
- Keep all receipts and documentation in case of an IRS audit.
Some popular medications like semaglutide (Ozempic, Wegovy) and phentermine may be eligible with proper documentation. Talk to your doctor to find the best treatment option for you and ensure it’s FSA-approved.
Want to take advantage of your FSA benefits and get started with your weight loss journey?
✅ Speak to your healthcare provider about prescription options
✅ Request a Letter of Medical Necessity
✅ Check your FSA provider’s guidelines to confirm eligibility
✅ Track your expenses to stay compliant
By understanding how to use your FSA wisely, you can take a big step toward achieving your weight loss goals while saving money on essential treatments.