WebYou definitely can, even if your spouse doesn’t have an HSA or a HDHP. You can also use your HSA funds to pay for the medical expenses of any dependent children claimed on …
Tax Advantages Of A Health Savings Account Emerj360
WebSep 9, 2024 · the HSA rules Qualified medical expenses are those incurred by the following persons. 1. You and your spouse. 2. All dependents you claim on your tax return. so it would seem you can't pay your kid's medical expenses with your HSA 3. there are additional rules but they don't apply. WebJul 21, 2024 · The HSA remains an HSA and is transferred to your spouse. If he or she is under the age of 65, they can use the money tax-free for qualified medical expenses. If the money is used for something other than qualified medical expenses, they will have to pay income taxes on the distributed amount and a 20% penalty. facilitate interview
Designate a beneficiary – what happens to your HSA when you …
WebWhen you, your spouse, or your dependents have qualified medical expenses that aren't covered by your health care plan, you can pay for them tax-free 1 with your HSA. There … WebYes, you can use your HSA to pay the qualified medical expenses for your spouse and dependents, as long as their expenses are not otherwise reimbursed. Was this answer helpful to you? YesNo Share Get the latest updates from WageWorks: I am an EmployeeI am an EmployerI am a Broker Employees Employers Brokers About Us Careers Blog … WebFeb 11, 2024 · Yes, you can use your HSA to pay the qualified medical expenses for your spouse and dependents, as long as their expenses are not otherwise reimbursed. How much can a married couple contribute to an HSA in 2024? Both employee and spouse are eligible for HSA contributions. facilitate logistics meaning