Here are some other eligible vision expenses: 2 You can also use HSA funds to cover laser/LASIK eye surgery, eye exams, and radial keratotomy. Here are some other eligible dental expenses: 2Īnything from prescription eyeglasses to lens solution are HSA-qualified. Even dental surgeries, dentures, and braces are eligible for HSA funding. You can use your HSA for routine dental needs, such as cleanings, exams, and X-rays. Various dental procedures and services are covered by an HSA. Here are some eligible medical expenses 2: Medical copays, deductibles, and coinsurance can also be covered under an HSA. You can use your HSA for ongoing medical services and treatments, like chiropractic care, acupuncture, or physical exams. HSAs can be used for large and small qualified medical expenses. To make the most of the tax-free benefits available with an HSA, you’ll need to know what you can use your HSA for. Be sure to check with your HSA provider or review guidelines set by the Internal Revenue Service (IRS) for more detailed lists. Read on to learn what types of expenses are covered, which aren’t, and discover qualified expenses you may not have expected. In addition to the more common health care expenses - like treatments, emergency room visits, and prescription medications - you may be surprised to learn you can also use your HSA for things like sunscreen, breast pumps, and weight-loss programs. Before committing to an HSA, it’s important to understand what’s a qualified expense and what’s not. 1įor those with a high deductible health plan (HDHP), investing in an HSA could be a great way to grow your money tax-free and better prepare for the future. You can use an HSA to cover eligible medical, vision, and dental expenses for you, your spouse, and eligible dependents. On the guidance repository, except to establish historical facts.A health savings account (HSA) is a tax-advantaged account that can help you pay for qualified health care expenses, while also reducing your taxable income. The Department may not cite, use, or rely on any guidance that is not posted If you need assistance accessing an accessible version of this document, please reach out to the The contents of this database lack the force and effect of law, except asĪuthorized by law (including Medicare Advantage Rate Announcements and Advance Notices) or as specifically We are in the process of retroactively making some documents accessible. HHS is committed to making its websites and documents accessible to the widest possible audience, Where can I get a list of Qualified Medical Expenses?įor a list of services and products that count as Qualified Medical Expenses and for other tax information, view IRS publication #969 for the year that you're filing. Individual Income Tax Return, and Form 8853 each year to report your Qualified Medical Expenses. How do you avoid tax withdrawals from your account for Qualified Medical Expenses?įile Form 1040, U.S. You'll need to show that you've had Qualified Medical Expenses in at least this amount, or you may have to pay taxes and additional penalties. Qualified Medical Expenses could count toward your Medicare MSA Plan deductible only if the expenses are for Medicare-covered Part A and Part B services.Įach year, you should get a 1099-SA form from your bank that includes all of the withdrawals from your account. Services like dental and vision care are Qualified Medical Expenses, but aren't covered by Medicare. Some Qualified Medical Expenses, like doctors' visits, lab tests, and hospital stays, are also Medicare-covered services. Qualified Medical Expenses are generally the same types of services and products that otherwise could be deducted as medical expenses on your yearly income tax return.
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