Webyour HSA to reimburse yourself. Can I use my HSA to pay for non-health-related expenses? Yes. However, any amount of a distribution not used exclusively to pay for qualified medical expenses for you, your spouse or your tax dependents is includable in your gross income. These distributions could be subject to taxes and an additional 20 WebIf your spouse has an individual health insurance policy with no other insurance, and you are enrolled in a high-deductible health plan, then yes, you are eligible to participate in an HSA. But if your spouse participates in a Healthcare FSA or HRA, and those benefits cover your healthcare expenses too, then no, you are not eligible to ...
Contributed and used both FSA (spouse) and HSA (mine) in 2024 ... - Intuit
WebYou definitely can, even if your spouse doesn’t have an HSA or a HDHP. You can also use your HSA funds to pay for the medical expenses of any dependent children claimed on … WebJun 26, 2024 · Similar to an IRA, you can and should name a beneficiary for your HSA. For example, if you want to make sure your spouse can access your HSA if they outlive you, you can name them... chuby girl with strap clothes
Medicare’s tricky rules on HSAs after age 65
WebJul 22, 2015 · In addition to COBRA premiums, you can use HSA money tax-free for Medicare Part B, Part D and Medicare Advantage premiums as long as the account holder is age 65 or older. You can also use HSA ... WebYour HSA comes with what we call a triple tax advantage. Contributions, interest, any investment gains, and withdrawals for qualified health care expenses are all federal tax-free. What health care expenses can I pay for using my HSA? Can my HSA be used for anything other than qualified health care expenses? WebJul 12, 2024 · You can use your HSA to pay certain Medicare expenses, including premiums for Part A, Part B, Part C (Medicare Advantage), and Part D prescription drug coverage, but not supplemental (Medigap) policy premiums. Retirees over age 65 who have employer-sponsored health coverage can use their HSA to pay their share of those … chubykin purdue