Qualified premiums include: COBRA health insurance, insurance premiums after you reach age 65 (including Medicare Parts A, B, C and D but not Medicare supplement plans), qualified long-term care insurance, health insurance premiums while receiving unemployment compensation under state or federal law and premiums for employer-sponsored retiree medical plans for account holders 65 and older. Household products/improvements to treat allergiesĬounseling must be performed to alleviate or prevent a physical or mental defect or illnessĬertain health insurance premiums are eligible to be paid out of an HSA. Home improvements (e.g., exit ramps, widening doorways) by Hayden Goethe A health savings account (HSA) or medical flexible spending account (FSA) can be used to purchase eligible expenses, and the list of things that are eligible is sizable and growing. OTC medications and menstrual care products are now HSA eligible expenses. 5 Surprising Eligible Expenses For Your HSA and FSA Posted September 13, 2021. The 2021 HSA contribution limits have increased as well as the maximum out-of-pocket limits for high deductible health plans. Guide dog/service animal (purchase, care for, training) The Internal Revenue Service (IRS) published the 2021 rates for Health Savings Accounts (HSAs) on Wednesday, May 20. Ibuprofen, Advil, Motrin, Midol, Naproxen, Aleve, NaprosynĪsthma treatments (e.g., inhaler, nebulizer)īreast reduction surgery that is medically necessaryĬhildbirth/lamaze classes (related to birth)Ĭhiropractic treatments (e.g., adjustments)Ĭoinsurance amounts (health, dental or vision)Ĭomtrex, DayQuil, NyQuil, Motrin, Theraflu, Vicks, SudafedĬonvalescent home (for medical treatment only)įor repair or reconstruction after accident or surgery or for correction of birth defectĬosmetics, hygiene products and similar itemsĭental procedures, non-cosmetic (e.g., X-rays, fillings, extractions, crowns, implants)ĭiabetic supplies (e.g., insulin, syringe, monitor, insulin pump)ĭigestive relief (e.g.Tums, Pepto-Bismol)Įyeglasses – prescription sunglasses/safety glassesįeminine hygiene products (e.g., tampons)įertility treatments (e.g., artificial insemination, egg donor fees, in vitro)įluoridation treatment at a dental office Maalox, Tums, Pepto-Bismol, Pepto Bismol, Alka-seltzer, Prilosec, Pepcid, Omeprazole, Zantac, NexiumĪllegra, Benadryl, NSAIDs, Claritin, Zyrtec, Xyzal, Antihistamines, Alavert, Brompheniramine, Clarinex, Astelin, Optivar, Elestat, Patanol, Flonaseīiofreeze, Vicks vaporub, Bengay, Capzasin, Icyhot, Solarcaine, chest rub

If you have any questions about a product or service which is not in any of these lists please contact customer service: Toll Free: 86.īinder, girdle, posture, lumbo-sacral, lumbar Avoid brand names and use generic terms for this search.See the list of qualifying medical and dental expenses on IRS.Read IRS.gov Publication 969 for details on HSAs and see if you qualify.Learn about High Deductible Health Plans.You can also open an HSA through some banks and other financial institutions. Some health insurance companies offer HSAs for their HDHPs. An HSA may earn interest or other earnings, which are not taxable. HSA funds roll over year to year if you don't spend them. You can use an HSA to pay for qualified medical expenses, like X-rays and lab fees. In 2003, Congress created HSAs to help more people save money on healthcare costs. Health savings accounts (HSAs) have been around for nearly two decades. When you view plans in the Marketplace, you can see if they’re 'HSA-eligible.'įor 2022, if you have an HDHP, you can contribute up to $3,650 for self-only coverage and up to $7,300 for family coverage into an HSA. For 2021, the maximum HSA contribution limits are 3,600 for an individual and 7,200 for family coverage. The Announcement makes Personal Protective Equipment (PPE. On March 26, 2021, the IRS issued Announcement 2021-07. Personal Protective Equipment is Now a Qualified Expense. For plan year 2022, the minimum deductible for an HDHP is $1,400 for an individual and $2,800 for a family. Please note that telehealth remains an eligible HSA expense for all account owners, meaning you can still use your HSA to pay for your share of telehealth visits. While you can use the funds in an HSA at any time to pay for qualified medical expenses, you may contribute to an HSA only if you have a High Deductible Health Plan (HDHP) - generally a health plan (including a Marketplace plan) that only covers preventive services before the deductible. HSA funds generally may not be used to pay premiums. By using untaxed dollars in a Health Savings Account (HSA) to pay for deductibles, copayments, coinsurance, and some other expenses, you may be able to lower your overall health care costs.

Coverage options outside Open EnrollmentĪ type of savings account that lets you set aside money on a pre-tax basis to pay for qualified medical expenses.See if you qualify for a Special Enrollment Period.

Hsa eligible expenses 2021