![]() Below is a list of the most common HSA qualified expenses. HSA - family, 7,750, 7,300 HSA - catch-up for health expenses, ages 55+, 1,000, 1,000 LPFSA for dental and vision expenses, 3,050, 2,850 DCA for. Expense Eligible AA Meetings: Yes: Abdominoplasty: No: Abena Pants protective underwear: Yes: Abena protective pads: Yes: Abortions: Yes: Abreva: Yes: Acai: No: Acetaminophen: Yes: Acid reflux medication: Yes: Acne medicine: Yes: Activated charcoal: No: Acupressure: Maybe: Acupressure mats. In addition to being able to withdraw your money tax free to cover these types of expenses (which might otherwise be covered by a traditional low-deductible high-premium policy), you can use your HSA account to cover other costs that would not normally be covered by a health insurance policy. The list includes but is not limited to: Copays, coinsurance, insurance premiums. Once your deductible is met, the health insurance covers your medical expenses as defined in the policy. Qualified expenses include: Copays for medical expenses and drugs Coinsurance and deductibles determined by your health plan Doctor and hospital visits. With an HSA-compatible plan, this includes any expenses you incur from going to the doctor, purchasing prescription drugs, or paying other expenses toward your deductible. Health Savings Accounts – Qualified HSA ExpensesĮven though you receive a tax deduction by putting your money into a health savings account, the money is still yours to spend tax free, as long as you spend it on qualified medical expenses. Qualified medical expenses (QMEs) are designated by the IRS and include medical, dental, vision, and prescription expenses. HSA-eligible expenses, as defined by the Internal Revenue Service (IRS), including deductibles, copays, prescription and non-prescription medications. ![]()
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