MEDIUMBusinessTier 1

83% of health account holders would use funds for oral care products: Survey

SourceBecker's Dental + DSO ReviewTier 1Hard News

By Cameron Cortigiano

Originally at beckersdental.com

Summary & scoring by The Bell Brief (Dr. Jennifer Bell) using the Drill-Down Protocol (Drill-Down Score) — not the original publisher.

Why it matters for dental

If federal law allowed HSA/FSA reimbursement for OTC oral care products, practices that sell or recommend those products could capture incremental revenue from patients holding ~$200 billion in health accounts.

Key points

  • 83% of HSA/FSA holders surveyed by the Consumer Healthcare Products Association said they would spend funds on everyday OTC oral care if the law changed.
  • The survey was released by CHPA, the national trade association for consumer-healthcare product manufacturers.
  • Current IRS rules exclude most non-prescription toothpastes, rinses, and brushes from qualified medical expenses.
  • Practice owners and DSOs considering retail or e-commerce channels should track any future IRS guidance that could reclassify OTC oral care as an eligible expense.

Who should care

OwnerDSO

Read the original on Becker's Dental + DSO Review

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