Do you have an HSA – or Health Savings Account from your past employer?
Your HSA-qualified health plan is a special type of insurance that has tax-advantages to help you pay for everyday qualified health care cost. For a complete list of qualified health care cost, please visit http://www.irs.gov/pub/irs-pdf/p969.pdf.
Some examples of everyday qualified health care cost:
- Your deductible
- Out-of-pocket expenses
- Eyeglasses and contact lenses
- Prescriptions and over-the-counter medicines
- Dental treatments
- Chiropractic treatments
- Hearing aids
- Long Term Care insurance
Even if your family is not covered under your HSA-qualifed plan, you can withdraw money tax free to pay for you and your tax-dependent family members.
Your funds carry over each year and grow on a tax-deferred basis. Money in your account belongs to you and not your previous employer.
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