Qualified Health Care Costs

A Health Savings Account (HSA) can be used to pay for qualified health care costs. For example:

  • Your deductible
  • Out-of-pocket expenses
  • Eyeglasses and contact lens
  • Prescriptions and over-the-counter medicines
  • Dental treatments
  • Hearing aids
  • Long Term Care insurance

A complete list of IRS qualified health care costs Leaving websitepdf

*As always, please consult your tax advisor regarding tax deductibility. This outlines the advantages of HSAs and health insurance plans that are HSA-qualified in general, and does not constitute tax advice.

QUICK TIP

If you don’t use all of the funds in your HSA Account during the year, no problem.

You won’t lose the remaining funds. Instead, funds carry over each year and grow on a tax-deferred basis.

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World Insurance Company serves customers in many states. However, not all products are available in all states.

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