Wednesday, October 25, 2006

Health Insurance HSA - What can you spend your HSA money on?

With Health Savings Accounts on Health insurance, this is a big question!

What can I spend my HSA MONEY ON????

Well, I say you should go ask the government since they came up with the HSA rules.

There is list of allowable expenses published by the U.S. Treasury Department, actually the Internal Revenue Service, referred generally as the ‘213 (d)’ list, since it appears in IRS regulation 213 (d).

Here is a link to the list of allowable/not allowable expenditures:
IRS HSA EXPENSE DOCUMENT

In general, you can spend tax-free from your Health Savings Account on all medical, dental (including braces for your children), and vision expenses, chiropractic visits, and even acupuncture, but not on your insurance premium, unless you are unemployed and are collecting Federal unemployment benefits.

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