Health Savings Account (HSA) Eligible Expenses
Health Savings Account (HSA) Eligible Expenses
Health Savings Account (HSA) Eligible Expenses
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Over-The-Counter Medications<br />
and Treatments<br />
The new healthcare reform law significantly changes your<br />
over-the-counter (OTC) benefits. Effective January 1, 2011,<br />
you may only use your healthcare payment card to purchase<br />
OTC drugs and medicines if you have a physician’s<br />
prescription at a retail establishment, such as a pharmacy,<br />
that meets IRS standards.<br />
Based on communications from a trade association of<br />
healthcare payment card companies, we believe that you<br />
may use your healthcare payment card at retail<br />
establishments that meet IRS standards for a limited number<br />
of purchases without a prescription. Examples include:<br />
Antiseptics and wound cleansers<br />
Bandages and dressings<br />
Contact lens solution and eye care related drops<br />
Contraceptives<br />
Denture adhesives, repair, pain relief and cleansers<br />
Diagnostic products (thermometer, blood pressure monitor,<br />
cholesterol testing)<br />
Ear care<br />
First aid burn remedies, dressings and supplies<br />
Foot care antifungal and treatments<br />
Hearing aid/medical batteries<br />
Home health care (limited segments)<br />
Incontinence protection and treatment products<br />
Insulin<br />
Reading glasses and maintenance accessories<br />
A Note about Insurance<br />
Premium <strong>Expenses</strong><br />
Some health insurance premiums are considered qualified<br />
expenses. Call 800-941-6121 for more information.<br />
Examples include:<br />
COBRA premiums<br />
Long term care insurance premiums<br />
Retiree medical insurance premiums<br />
Ineligible <strong>HSA</strong> <strong>Expenses</strong><br />
<strong>Expenses</strong> merely beneficial to general health or for<br />
cosmetic reasons are not qualified. Examples include:<br />
Cosmetic surgery<br />
Cosmetics<br />
Deodorant<br />
Exercise equipment<br />
Fitness programs<br />
Funeral expenses<br />
Hair transplants<br />
Household help<br />
Illegal operations and treatments<br />
Insurance premiums<br />
Maternity clothes<br />
Moisturizers and wrinkle creams<br />
Sun tan lotions<br />
Teeth whitening services and products<br />
Toothpaste, toothbrushes and mouth wash<br />
Vitamins taken to improve overall health<br />
Go to premera.com or call 800-941-6121 for more information about your<br />
<strong>Health</strong> <strong>Savings</strong> <strong>Account</strong> and qualified expenses.<br />
* For more detailed information, refer to IRS Publication 969, “<strong>Health</strong> <strong>Savings</strong> <strong>Account</strong>s and Other Tax-Favored <strong>Health</strong> Plans,” which you can<br />
download from the IRS Web site, www.irs.gov, or order by calling 1-800-TAX FORM. This material is not intended to be tax or legal advice. The<br />
reader should consult with his or her own tax advisor to determine the tax implications of participating in a personal funding account discussed<br />
herein. Advice, if any, included in this material was not intended or written by Premera to be used, and it cannot be used, by any taxpayer for the<br />
purpose of avoiding penalties that may be imposed on the taxpayer.<br />
022856 (12-2010)