When you have a Health Savings Account you are allowed to place money tax free into a special bank account to be spent on qualified medical expenses. There are no hard and fast rules to what is a qualified medical expense, but the following list is provided as a guideline from the IRS. It is not an exhaustive list and if you have futher questions you should consult publication 502 from the IRS website.
- Acupuncture
- Alcoholism - treatment
- Ambulance - hire
- Autoette or Wheelchair
- Birth Control Pills
- Blind Persons Services
- Braces
- Capital Expenditures - home modifications for handicapped - primary purpose must be medical care
- Car Equipment - to accommodate wheelchair and/or handicapped controls
- Childbirth Preparation Classes - mother
- Chiropractors
- Christian Science Treatment
- Contact Lenses - replacement insurance
- Crutches
- Deaf Persons - hearing aid and batteries, hearing aid animal and care, lip reading expenses, special education, modified telephone
- Dental Fees
- Dentures
- Diagnostic Fees
- Diapers (adult disposable) - used due to severe neurological disease
- Doctor's Fees
- Domestic Aid - rendered by nurse
- Drug Addiction Recovery
- Drugs - prescription or over-the-counter
- Dyslexia Language Training
- Elevator for Alleviation of Cardiac Condition
- Eyeglasses and Examination Fees
- Fluoride Device - on advice of dentist
- Halfway House - adjustment to mental hospital
- Healing Services Fees
- Health Maintenance Organization
- Hearing Aids
- Hospital Care
- Insulin
- Laboratory Fees
- Laetrile - by prescription
- Lead Paint Removal
- Lazer eye surgery
- Lodging (treatment related, and with restrictions, up to $50 per person)
- Medical conference fees (relating to chronic illness; no lodging or meals)
- Medicare Parts A and B
- Legal Expenses - authorizing treatment of mental illness
- Lifetime Medical Care - prepaid; retirement home
- Limbs - artificial
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- Mattress - prescribed for alleviation of arthritis
- Membership Fees - association furnishing medical services, hospitalization, and clinical care
- Nursing Home - medical reasons
- Nursing Services - board and Social Security paid by taxpayers
- Obstetrical Expenses
- Operations - legal
- Optometrists
- Orthodontia
- Orthopedic Shoes - excess costs
- Oxygen / Oxygen Equipment
- Prosthesis
- Psychiatric Care
- Psychologists
- Psychotherapists
- Reclining Chair - for cardiac patients
- Remedial Reading
- Retarded Person - costs for special home.
- Retirement Home - lifetime medical care
- Sanitarium Rest Home - medical, educational, ehabilitative services
- Schools - special, relief, or handicapped
- Sexual Dysfunction Treatment
- Sterilization
- Stop smoking programs
- Surgical Fees
- Swimming Pool - treatment of polio or arthritis
- Teeth - artificial
- Television - closed-caption decoder
- Therapy Treatments - prescribed by a physician
- Transportation - essentially and primarily for medical care
- Weight Loss Programs - as a treatment for the disease of obesity
- Wheelchair or Autoette
- X-rays
- Mileage
- Vasectomy
- Vision correction
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