Web1 Answer. It appears that this is the case. From IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. Qualified medical expenses are those … WebCan I use my HSA funds for my family members, although I only have insurance coverage for myself? Yes, you can use your HSA to pay the qualified medical expenses for your …

FAQs for High Deductible Health Plans, HSA, and HRA

WebNov 11, 2024 · While they are generally correct that an HSA can only be used to pay for medical expenses for yourself, your spouse, and dependents you claim on your tax return, there are a couple of exceptions, including for children of divorced or separated parents. WebOct 30, 2024 · You can open an HSA if you have a qualifying high-deductible health plan. For the 2024 tax year, the maximum contribution amounts are $3,650 for individuals and $7,300 for family coverage. 3... fitting drawing

Health Savings Account Rules - HSA Bank

WebMar 2, 2024 · Yes. You use the account to pay for the medical expenses of a spouse or other family members even if they aren’t covered by your HDHP. Family members … WebIf you are not eligible for an HSA would you accept an HRA? Ask yourself if you are in a financial position to be able to pay the annual net deductible amount required (depending on Self Only deductible or Self and Family deductible) should you or a family member require a high medical cost service in the early months of the plan year, WebYou're allowed to contribute the full family amount to your HSA, because your HDHP is covering both yourself and your daughter. but you can only use your HSA funds to pay for your own medical care and your husband's. You can't use it to pay for your daughter's care, because you can't claim her as a dependent since she files her own taxes. fitting double glazed units in wooden frames