What are some Qualified Expenses?

 

  • Doctor visits, lab fees, x-rays, hospital charges, prescriptions,
    OTC Meds, dental and vision expenses are all “Qualified” expenses.

    • If the distribution from your HSA is due to a “Qualified”
      expense, the distribution is Tax-Free.

    • Tax-Free distributions are not reported as Wages on
      your W-2 or as Income on the yearly tax form.
State of Arkansas’s Health Savings AccountWhat is an HSA?Why would I want an HSA?What are the Benefits of an HSA?What are the Risks to an HSA?How do I get an HSA?What is the HSA/PPO?Where does the HAS money come from?How much can I deposit into my HSA?How much should I deposit each year?What if I don’t use my HSA money this year?What happens when I retire?Can I have an HSA & FSA?How do I get my money out of the HSA?What are some Qualified Expenses?What if I withdraw the money for personal expenses?Where can I learn more about the HSA?Save Today for a Healthy Future
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