Page 12 - Adreima Enrollment Guide
P. 12
Annual Enrollment
What Expenses are Eligible for Reimbursement From
an HSA?
An HSA may reimburse IRS qualiied medical expenses incurred by
you the account holder, your spouse and your dependents (even if
the spouse and dependent children are not enrolled in the CDHP).
Qualiied medical expenses are deined by the IRS in IRC Sec. 213(d).
In addition to qualiied medical expenses, the following insurance
premiums may be reimbursed from an HSA:
COBRA premiums
Health insurance premiums while receiving unemployment
beneits
Qualiied long term care premiums (the reimbursable amount
depends on one’s age)
Any health insurance premiums paid, other than for a Medicare
supplemental “Medigap” policy, by individuals age 65 and over
HSA eligible medical expenses are deined by the IRS. IRS
Publication 502 provides a complete list of eligible expenses. Please
see the IRS website for more information.
Can Ineligible Expenses be Reimbursed from an HSA?
Yes. Neither the trustee, bank, insurance company nor the employer
are required to determine if a claim submitted for reimbursement is a
qualifying medical expense.
Always remember to keep your receipts! If The amount withdrawn from an HSA for a non-qualifying medical
the IRS audits you to make sure you used expense is added to the account beneiciary’s income and subject to
your HSA for eligible expenses, you will a 20 percent penalty. Where funds are distributed as a result of the
need to provide receipts in order to avoid account beneiciary’s death, disability, or after he or she is eligible for
paying the penalty .
Medicare, the 20 percent penalty does not apply.
Distributions made from an HSA to reimburse the account
beneiciary for qualiied medical expenses are excluded from gross
income.
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What Expenses are Eligible for Reimbursement From
an HSA?
An HSA may reimburse IRS qualiied medical expenses incurred by
you the account holder, your spouse and your dependents (even if
the spouse and dependent children are not enrolled in the CDHP).
Qualiied medical expenses are deined by the IRS in IRC Sec. 213(d).
In addition to qualiied medical expenses, the following insurance
premiums may be reimbursed from an HSA:
COBRA premiums
Health insurance premiums while receiving unemployment
beneits
Qualiied long term care premiums (the reimbursable amount
depends on one’s age)
Any health insurance premiums paid, other than for a Medicare
supplemental “Medigap” policy, by individuals age 65 and over
HSA eligible medical expenses are deined by the IRS. IRS
Publication 502 provides a complete list of eligible expenses. Please
see the IRS website for more information.
Can Ineligible Expenses be Reimbursed from an HSA?
Yes. Neither the trustee, bank, insurance company nor the employer
are required to determine if a claim submitted for reimbursement is a
qualifying medical expense.
Always remember to keep your receipts! If The amount withdrawn from an HSA for a non-qualifying medical
the IRS audits you to make sure you used expense is added to the account beneiciary’s income and subject to
your HSA for eligible expenses, you will a 20 percent penalty. Where funds are distributed as a result of the
need to provide receipts in order to avoid account beneiciary’s death, disability, or after he or she is eligible for
paying the penalty .
Medicare, the 20 percent penalty does not apply.
Distributions made from an HSA to reimburse the account
beneiciary for qualiied medical expenses are excluded from gross
income.
12
