You or your spouse currently participate (or previously participated within the current plan year) in a general purpose Health Care Flexible Spending Account (FSA).Īlthough you can enroll your children up to age 26 in your medical coverage, you can’t use money from your HSA to pay their healthcare expenses unless you claim them as dependents on your federal income taxes (generally children up to age 18 or under age 24 if they are full-time students).Before you set off to buy some toothpaste, though, let’s delve a little deeper into how you can use your HSA for. It can even be used to cover the cost of things that a basic dental insurance package might not cover, like fluoride treatments. You’re claimed as a dependent on someone else’s federal tax return. HSA Qualified Expenses Cosmetic surgery (from trauma or disease), Operating Room Costs, Spinal tests Crutches, Organ transplant, Splints Dental treatment. The short answer is, yes You can use that HSA to pay for trips to the dentist and orthodontist.You’re enrolled in Medicare or a veteran’s medical plan (TRICARE). For example, if you’re also enrolled in your spouse’s coverage, that plan must be a high-deductible option, too. A health care FSA and an HSA, or health savings account, both offer tax-advantaged savings for qualified medical expenses. If you’re covered by a second medical plan, it also must be a high-deductible option for you to be eligible for an HSA. To be eligible to contribute to an HSA, you must enroll in the Anthem BCBS HDHP with HSA or Kaiser HMO HDHP and remain continuously enrolled in that plan for the entire 2023 plan year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |