Discussion:HSA - health plan does not cover dental
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Discussion Forum Index --> Tax Questions --> HSA - health plan does not cover dental
| 21 November 2008 | |
| Client has an HSA with a high deductible health plan. The plan does not include dental coverage and they don't have a separate dental plan. Can they use the HSA money to pay for the out of pocket dental costs? Thank you in advance. | |
CarlLaFong (talk|edits) said: | 21 November 2008 |
| See 223(d)(2)(A). The answer to your question is yes. | |
CarlLaFong (talk|edits) said: | 21 November 2008 |
| In fact, under 223(d)(2)(A), you can buy over the counter Aspirin through your HSA. | |
| 21 November 2008 | |
| another ? about hsa use. i'm an s owner/ee. earlier this year i took $5300 out of the corp ckng acct to get a bank ck for laser eye surgery since i needed it quick and was in the middle of setting up the hsa funding acct (already had the hsa med ins policy since Dec'07
set-up and pd thru corp ckng acct). a week or so later i online deposited from the s corp acct $3800 into the hsa w/Sovereign. i know the eye laser surgery not countable against the deductible on the hsa med ins plan, but it does qualify as a medical dedcution, thus it qualifies as an hsa acct expense. now i want to have the $3800 returned to the corp ckng acct online to offset the $5300 ck leaving me w/net $1500 distribution. i realize that the med ins pymts and the $3800 hsa contribution go in fed'l wagess on my w-2 (not fica/med wages), which I can then deduct on my own 1040 as se med ins and form 8889 hsa agi deductions. MY QUESTION FOLLOWS: -Sovereign couldn't tell me what distribution code would appear on Form 1099-SA. checking it out on Sovereign online making a withdrawal it appears that I designate by what type medical expense it is. Hopefully this winds up w/distribution code 1-normal distribution on the 1099. Any thoughts or comments appreciated? | |
Lmcdon9822 (talk|edits) said: | 23 November 2008 |
| Sunny, your answer is yes. | |
