Page 8 - TVS 2022 Benefits Guide

Using an HSA with an HDHP

How an HSA Works with the High Deductible Health Plan

You Are Eligible to Open and Fund an What Expenses are Eligible for
HSA If Reimbursement from an HSA?
■ You are covered by an HSA eligible An HSA may reimburse IRS qualiied healthcare
HDHP option expenses incurred by you the account holder, your

■ You are not covered by your spouse’s non- spouse, and your dependents (even if the spouse
qualiied health plan and dependent children are not enrolled in the
■ You are not eligible to be claimed as a HDHP).

dependent on someone else’s tax return A few examples of qualiied healthcare expenses that
■ You are not enrolled in Medicare, TRICARE, or may be reimbursed from an HSA are below:
TRICARE for Life
■ You have not received Veterans Administration ■ Qualiied medical, dental, and vision expenses

Beneits in the last 3 months ■ COBRA premiums
■ Health insurance premiums while receiving
unemployment beneits
Always remember to keep ■ Qualiied long term care premiums (the
your receipts! If the IRS reimbursable amount depends on one’s age)

audits you to make sure you ■ Any health insurance premiums paid, other than
used your HSA for eligible for a Medicare supplemental “Medigap” policy,
expenses, you will need to by individuals age 65 and over

provide receipts to avoid HSA eligible medical expenses are deined by
paying a penalty. the IRS. IRS Publication 502 provides a complete

list of eligible expenses. The list can be found
at www. irs.gov/pub/irs-pdf/p502.pdf .

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