11/14/2023 0 Comments Qualified hsa expenses 2021![]() ![]() With the CARES Act in place, items that were once considered non-qualifying medical expenses are now eligible expenses. There’s no doubt that coronavirus has got us all thinking more about our health and the things we need to take care of it. The list of qualifying medical expenses just got bigger. That means you’ve got an extra three months to add money to your HSA to cover 2019 qualified medical expenses.Ģ. You have until Jto make 2019 HSA contributions.īecause the IRS has extended the federal tax-filing date from April 15, 2020, to July 15, they’ve also extended the 2019 HSA contribution deadline. If you’re enrolled in an HSA, here’s what you need to know:ġ. ![]() Not only will the government start sending coronavirus relief checks to qualifying folks, they’re also making some shifts around health insurance to release that pressure valve even more. The federal government approved the CARES Act, a $2.2 trillion stimulus package, in an attempt to keep the lid on the U.S. How Does the Federal Coronavirus Stimulus Package Affect HSAs? So, let’s check out what qualifies, what might qualify and what definitely doesn’t so you can put your HSA funds to use wisely. And you might be surprised just how many things are considered an HSA eligible expense. That’s right, everything from hearing aids to your visit to the chiropractor can be covered by the money you contribute to your HSA. Pop quiz! Know what reading glasses, thermometers, a midwife and an ambulance all have in common? If you guessed that they’re all qualified medical expenses (QMEs) through a health savings account (HSA), then you’re a winner! ![]()
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