Qualified medical expenses must be incurred AFTER the HSA coverage has been established.
IRS Publication 502 has a checklist of expenses that can be itemized. Most of these expenses (see below) qualify for tax-free withdrawal from an HSA, unless the expenses were reimbursed by your healthcare coverage. One expense which cannot be reimbursed from an HSA is the premium for most healthcare plans. The following list is provided as reference only and is not meant to be comprehensive.
To order IRS Publication 502, call 1-800-TAX-FORM.| Fees: | |
|---|---|
| Anesthesia | Nurse |
| Blood Donor | Oculist |
| Chiropodist | Ophthalmologist |
| Chiropractor | Optician |
| Clinic | Optometrist |
| Dentist | Oral Surgery |
| Diagnosis | Orthodontia |
| Diathermy | Osteopath |
| Examination, physical | Pediatrician |
| Eye Examination | Physician |
| Gynecologist | Physiotherapist |
| Hospital | Podiatrist |
| Laboratory | Practical Nurse |
| Long-term care insurance premiums and expenses | Psychiatrist |
| Lip reading lessons for the deaf | Psychologist |
| Medical Information plan | Psychoanalyst |
| Midwife Therapy | Surgeon |
| Other: | |
| Ambulance Hire | Nursing care |
| Artificial limbs and teeth | Oxygen and equipment |
| Automobile modifications (hand controls, special equipment, mechanical lifts) | Radial keratotomy |
| Braille books & magazines | Rental of medical or healing equipment |
| Crutches | Sanitarium or rest home |
| Over the counter drugs | Seeing-eye dog |
| Prescription drugs and medical supplies | Special education (limited) |
| Elastic hose, medically prescribed | Support or corrective devices (including special mattress and board for arthritis) |
| Eximer laser | Telephone for deaf |
| Eyeglasses/contact lenses | T.V. set modifications to receive closed captions for hearing impaired |
| Acupuncture | Therapy treatments |
| Halfway house residency | Treatment center for drug and alcohol addiction |
| Hearing devices | Transportation expense relative to illness |
| Hospital bills | Wheelchair |
| Iron lung, operating cost | X-rays |
| Laetrile, when prescribed by a doctor | X-rays |
What is an HSA?
Why an HSA?
Who is eligible for an HSA?
Is an HSA right for everyone?
Do I need a certain type of Insurance Plan?
Do I need a certain type of account?
Employer Benefits of HSA Plans
Employee Benefits of HSA Plans
HSA Tax Treatment
Tax Treatment: Inviduals
Tax Treatment: Employer Contributions
How are Distributions Taxed?
Who May Contribute?
How much may be contributed to an HSA in calendar year 2006?
Tax Treatment of Contributions
What are catch up Contributions?
What are “Qualified Medical Expenses?”
Are health insurance premiums qualified medical expenses?
How are claims adjudicated and processed?
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