Can an HSA be used to pay for long term care, assisted living facility, etc etc?
2007-09-11 06:49:04 · 5 answers · asked by jbirwin6 1 in Business & Finance ➔ Insurance
Long-term care insurance premiums and expenses do qualify. A complete list of qualified expenses may be found in the IRS publication 502. http://www.irs.gov/pub/irs-pdf/p502.pdf.
2007-09-11 07:33:16 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes - You own and you control the money in your HSA. Decisions on how to spend the money are made by you without relying on a third party or a health insurer. You will also decide what types of investments to make with the money in the account in order to make it grow.
2007-09-11 06:58:36 · answer #2 · answered by CupCake 5 · 0⤊ 0⤋
some issues distinctive between employers HSA (I surely have finished HSA's at distinctive employers, 2d one coated extra advantageous than the 1st), so the only thank you to appreciate one hundred% is to invite your HR human beings. My contemporary plan says - plastic surgical treatment some surgical treatment for scientific motives in effortless terms, which comprise correcting a delivery affliction or repairing injury brought about by ability of an twist of destiny. in case you will get a rfile to declare this is scientific required you have a extra suitable probability of having it coated.
2016-12-16 17:21:38 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Some of the newer ones have that kind of flexibility. Some of the older ones may not, so you would need to check the specifics of yours.
2007-09-11 11:02:19 · answer #4 · answered by zippythejessi 7 · 0⤊ 0⤋
Yes, for YOU or your dependents. NOT for your parents.
2007-09-11 10:21:54 · answer #5 · answered by Anonymous 7 · 0⤊ 0⤋