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| What
are qualified medical expenses? |
HSAs can be used to pay for many types of medical expenses, even some that are often
excluded on health insurance plans. These include:
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Health
insurance plan deductibles, copayments, and coinsurance |
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Prescription
and over-the-counter drugs
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Dental
services, including braces, bridges, and crowns
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Vision
care, including glasses and lasik eye surgery |
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Psychiatric
and certain psychological treatments
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Long-term
care services
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Medically-related
transportation and lodging
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Typically HSAs cannot be used to pay health insurance premiums, although there are
exceptions for:
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Health
insurance premiums if you are receiving federal or state unemployment benefits |
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Premiums
for COBRA qualified health insurance |
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Long-term
care insurance premiums |
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Premiums
for a health plan (other than a Medicare supplemental policy) for an individual age 65 or
older
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Note: You must establish an HSA before incurring any expenses or the expenses will not
qualify. |
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