Page 13 - Fontbonne University 2022 Benefits Guide
P. 13
2022
Benefits Guide
How to Spend Your HSA Eligibility Requirements
This is a list of eligible expenses you can pay for Because there are so many tax advantages with the HSA,
using your HSA savings. there are a few eligibility requirements which you must
meet in order to open and contribute to an HSA. To
X Medical deductibles and coinsurance payments contribute to an HSA, you must meet the following criteria.
X Medical, dental, and vision care services X You must be enrolled in a Qualiied High Deductible
X Medical, dental, and vision care services for Health Plan, like Fontbonne’s HSA Plan
your spouse or dependents, even if they are not X 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 Plan
X Medicare premiums and COBRA coverage X You must not be covered by a Healthcare FSA for the
tax year in which you will claim your HSA deposits as
X Over-the-counter medications with a written tax deductions, unless it is a Limited FSA
prescription X You must not be eligible to be claimed as a
As the HSA owner, you are responsible for dependent on someone else’s tax return
determining whether a healthcare expense is eligible X You must not be enrolled in Medicare, TRICARE, or
for reimbursement from your HSA. For a more TRICARE for Life
comprehensive list of eligible and non-eligible HSA X You must not have received Veterans Administration
expenses please visit www.irs.gov and view Section Beneits within the past 3 months (exception for
213(d) of the IRS Tax Code. 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
13
Benefits Guide
How to Spend Your HSA Eligibility Requirements
This is a list of eligible expenses you can pay for Because there are so many tax advantages with the HSA,
using your HSA savings. there are a few eligibility requirements which you must
meet in order to open and contribute to an HSA. To
X Medical deductibles and coinsurance payments contribute to an HSA, you must meet the following criteria.
X Medical, dental, and vision care services X You must be enrolled in a Qualiied High Deductible
X Medical, dental, and vision care services for Health Plan, like Fontbonne’s HSA Plan
your spouse or dependents, even if they are not X 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 Plan
X Medicare premiums and COBRA coverage X You must not be covered by a Healthcare FSA for the
tax year in which you will claim your HSA deposits as
X Over-the-counter medications with a written tax deductions, unless it is a Limited FSA
prescription X You must not be eligible to be claimed as a
As the HSA owner, you are responsible for dependent on someone else’s tax return
determining whether a healthcare expense is eligible X You must not be enrolled in Medicare, TRICARE, or
for reimbursement from your HSA. For a more TRICARE for Life
comprehensive list of eligible and non-eligible HSA X You must not have received Veterans Administration
expenses please visit www.irs.gov and view Section Beneits within the past 3 months (exception for
213(d) of the IRS Tax Code. 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
13
