Sentences with phrase «qualified medical expenses before»

Not exact matches

You and / or your employer can deposit funds that you can use to cover qualified medical expenses incurred each year before you meet your health plan's deductible.

Higher standard deductions mean fewer people will qualify for itemized deductions — so deductions like charitable gifts, medical expenses, margin interest, and home mortgage interest will all face a higher threshold before they become useful.

As the answer from Guest5 noted, any expense you have before the HSA is established is not considered a qualified medical expense for an HSA distribution.

The reason is that once the account is established, all qualified medical expenses that occur after that date are eligible for distributions, even if you wait years before you fund your HSA account.