Page 12 - Fontbonne 2021 New Hire Guide
P. 12
How to Spend Your HSA
Eligibility Requirements This is a list of eligible expenses you can pay for using
Because there are so many tax advantages with the your HSA savings.
HSA, there are a few eligibility requirements which you
must meet in order to open and contribute to an HSA.
To contribute to an HSA, you must meet the following Medical deductibles and coinsurance payments
criteria. Medical, dental, and vision care services
You must be enrolled in a Qualiied High Medical, dental, and vision care services for
Deductible Health Plan, like Fontbonne’s HSA Plan your spouse or dependents, even if they are not
You must not be covered by any other health plan covered under the same plan as you
which is not a Qualiied High Deductible Health Medicare premiums and COBRA coverage
Plan
You must not be covered by a Healthcare FSA Over-the-counter medications with a written
for the tax year in which you will claim your HSA prescription
deposits as tax deductions, unless it is a Limited As the HSA owner, you are responsible for
FSA
You must not be eligible to be claimed as a determining whether a healthcare expense is eligible
for reimbursement from your HSA. For a more
dependent on someone else’s tax return comprehensive list of eligible and non-eligible HSA
You must not be enrolled in Medicare, TRICARE, or expenses please visit www.irs.gov and view Section
TRICARE for Life 213(d) of the IRS Tax Code.
You must not have received Veterans
Administration Beneits within the past 3 months
(exception for service related disabilities)
Oice Visits
Prescriptions
Lab Work
Eligible Healthcare
Expenses
You can use your HSA to pay for
Vision eligible healthcare expenses such as...
Dental and Ortho
Radiology
12
Eligibility Requirements This is a list of eligible expenses you can pay for using
Because there are so many tax advantages with the your HSA savings.
HSA, there are a few eligibility requirements which you
must meet in order to open and contribute to an HSA.
To contribute to an HSA, you must meet the following Medical deductibles and coinsurance payments
criteria. Medical, dental, and vision care services
You must be enrolled in a Qualiied High Medical, dental, and vision care services for
Deductible Health Plan, like Fontbonne’s HSA Plan your spouse or dependents, even if they are not
You must not be covered by any other health plan covered under the same plan as you
which is not a Qualiied High Deductible Health Medicare premiums and COBRA coverage
Plan
You must not be covered by a Healthcare FSA Over-the-counter medications with a written
for the tax year in which you will claim your HSA prescription
deposits as tax deductions, unless it is a Limited As the HSA owner, you are responsible for
FSA
You must not be eligible to be claimed as a determining whether a healthcare expense is eligible
for reimbursement from your HSA. For a more
dependent on someone else’s tax return comprehensive list of eligible and non-eligible HSA
You must not be enrolled in Medicare, TRICARE, or expenses please visit www.irs.gov and view Section
TRICARE for Life 213(d) of the IRS Tax Code.
You must not have received Veterans
Administration Beneits within the past 3 months
(exception for service related disabilities)
Oice Visits
Prescriptions
Lab Work
Eligible Healthcare
Expenses
You can use your HSA to pay for
Vision eligible healthcare expenses such as...
Dental and Ortho
Radiology
12
