HSA Eligible Medical Expenses - DOC

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HSA Eligible Medical Expenses - DOC Powered By Docstoc
					    HSA Eligible Medical Expenses
    Eligible medical expenses are defined as those expenses paid for care as described in Section 213(d) of the Internal Revenue
    Code. Additionally, the IRS has allowed some over-the-counter drugs to qualify as eligible medical expenses.

    First Horizon Msaver, Inc. has created the following lists to help you determine whether an expense is eligible or not. The lists
    are provided with the understanding that First Horizon Msaver is not engaged in rendering tax advice. These lists are to serve
    as a quick reference. For more detailed information, please refer to IRS Publication 502 or contact a tax professional.

    Eligible Medical Expenses (For HSA Distributions)

    Abdominal supports                                                           Metabolism tests
    Acupuncture                                                                  Neurologist
    Air conditioner (when necessary for relief from                              Nursing (including board and meals)
     difficulty in breathing)                                                     Obstetrician
    Alcoholism treatment                                                         Operating room costs
    Ambulance                                                                    Ophthalmologist
    Anesthetist                                                                  Optician
    Arch supports                                                                Optometrist
    Artificial limbs                                                             Oral surgery
    Autoette (when used for relief of sickness/disability)                       Organ transplant (including donor's expenses)
    Birth Control Pills (by prescription)                                        Orthopedic shoes
    Blood Tests                                                                  Orthopedist
    Blood transfusions                                                           Osteopath
    Braces                                                                       Oxygen and oxygen equipment
    Cardiographs                                                                 Pediatrician
    Chiropractor                                                                 Physician
    Christian Science Practitioner                                               Physiotherapist
    Contact Lenses                                                               Podiatrist
    Contraceptive devices (by prescription)                                      Postnatal treatments
    Convalescent home (for medical treatment only)                               Practical nurse for medical services
    Crutches                                                                     Prenatal care
    Dental Treatment                                                             Prescription medicines
    Dental X-rays                                                                Psychiatrist
    Dentures                                                                     Psychoanalyst
    Dermatologist                                                                Psychologist
    Diagnostic fees                                                              Psychotherapy
    Drug addiction therapy                                                       Radium Therapy
    Drugs (prescription)                                                         Registered nurse
    Elastic hosiery (prescription)                                               Special school costs for the handicapped
    Eyeglasses                                                                   Spinal fluid test
    Fees paid to health institute prescribed by a doctor                         Splints
    FICA and FUTA tax paid for medical care service                              Sterilization
    Fluoridation unit                                                            Surgeon
    Guide dog                                                                    Telephone or TV equipment to assist the hard-of-
    Gum treatment                                                                 hearing
    Gynecologist                                                                 Therapy equipment
    Hearing aids and batteries                                                   Transportation expenses (relative to health care)
    Hospital bills                                                               Ultra-violet ray treatment
    Hydrotherapy                                                                 Vaccines
    Insulin treatment                                                            Vasectomy
    Lab tests                                                                    Vitamins (if prescribed)
    Lead paint removal                                                           Wheelchair
    Legal fees                                                                   X-rays
    Lodging (away from home for outpatient care)
    Eligible Over-the-Counter Drugs (For HSA Distributions)

      Antacids                                                               First aid creams
      Allergy Medications                                                    Calamine lotion
      Pain Relievers                                                         Stop-smoking programs
      Cold medicine                                                          Wart removal medication
      Anti-diarrhea medicine                                                 Antibiotic ointments
      Cough drops and throat lozenges                                        Suppositories and creams for hemorrhoids
      Sinus medications and nasal sprays                                     Sleep aids
      Nicotine medications and nasal sprays                                  Motion sickness pills
      Pedialyte

    Ineligible Expenses for HSAs

    Health Insurance may not be purchased with HSA Funds. There are four situations which are exceptions whereby HSA funds
    can be used to pay for:

      A health plan during any period of continuation coverage required under any federal law.
      A qualified long-term insurance contract
      A health plan during a period in which the individual is receiving unemployment compensation under federal or state law
      For individuals over age 65, premiums for Medicare Part A or B, a Medicare HMO and/or the employee share of premiums
      for the employer-sponsored health insurance, including premiums for employer-sponsored retiree health insurance.

    Ineligible Medical Expenses

      Advancement payment for services to be                                  Illegally procured drugs
      rendered next year                                                       Maternity clothes
      Athletic club membership                                                Non-prescription medication
      Automobile insurance premium allocable to                               Premiums for life insurance, income protection,
      medical coverage                                                         disability, loss of limbs, sight or similar benefits
      Boarding school fees                                                    Scientology counseling
      Bottled water                                                           Social activities
      Commuting expenses of a disabled person                                 Special foods and beverages
      Cosmetic surgery and procedures                                         Specially designed car for the handicapped other
      Cosmetics, hygiene products and similar items                           than an autoette or special equipment
      Funeral, cremation, or burial expenses                                  Swimming pool
      Health programs offered by resort hotels, health                        Travel for general health improvement
      clubs, and gyms                                                          Tuition and travel expenses a problem child to a
      Illegal operations and treatments                                       particular school
                                                                               Weight loss programs

    Ineligible Over-the-Counter Drugs

      Toiletries (including toothpaste)                                      Vitamins (daily)
      Acne treatments                                                        Fiber supplements
      Lip balm (including Chapstick or Carmex)                               Dietary supplements
      Cosmetics (including face cream and moisturizer)                       Weight loss drugs for general well being
      Suntan lotion                                                          Herbs
      Medicated shampoos and soaps

    First Horizon and First Horizon Msaver do not offer tax or legal advice. You are advised to consult your personal tax or
    legal advisor regarding your individual situation.