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HSA Common Questions

 

What are qualified medical expenses?

Recently added information from the IRS regarding HSA qualified expenses: irs.gov

A qualified medical expense is one for medical care as defined by Internal Revenue Code Section 213(d). The expenses must be primarily to alleviate or prevent a physical or mental defect or illness, including dental and vision. Most expenses for medical care will fall under IRC Section 213(d).

However, some expenses do not qualify.

 A few examples are:

 Surgery for purely cosmetic reasons

 Health club dues

 Illegal operations or treatment

 Maternity clothes

 Toothpaste, toiletries, and cosmetics

 No over the counter medications without a prescription

 

What are Health Savings Accounts (HSA's)?

How do I set up an HSA?

What are qualified medical expenses?

"Can I pay my health insurance premiums from my HSA?"

Can I withdraw money from my HSA for non-medical purposes?

How do employer sponsored HSA medical plans affect employees that are 65 and older?

2 questions asked by a Facebook fan

Is there a time limit?

 

 

 

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