HSA Health Insurance
What are HSA qualified medical expenses?
HSA qualified medical expenses include: doctor visits, hospital stays, prescription drugs, dental care, vision care, mental health treatment, and many other medical expenses. Non-qualified withdrawals are subject to income tax and a 20% penalty (no penalty after age 65).
Key Points
- Qualified medical expenses: doctor visits, hospital stays, prescription drugs, dental, vision, mental health
- Non-qualified withdrawals: subject to income tax and 20% penalty
- After age 65: no penalty for non-qualified withdrawals (just income tax)
- HSA funds can be invested and grow tax-free
- An independent agent can help you find HDHP plans that are HSA-eligible