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re: Can I use my HSA account to pay my wife and. daughter's medical expenses?
Posted on 12/31/18 at 6:07 pm to LSU6262
Posted on 12/31/18 at 6:07 pm to LSU6262
I suspect the answer is "no", for the following reasons:
1. An HSA is owned by the individual, much like an IRA. This implies money can be withdrawn for that individual's needs and not for someone else's.
2. As you noted, they're on their own insurance. My guess is that is it not the HDHP sort that is required for an HSA.
That said, I'm not a real expert on this topic so you may want to do some research.
At any rate, since they have their own insurance anyway why would you want to spend out of your HSA to start with?
1. An HSA is owned by the individual, much like an IRA. This implies money can be withdrawn for that individual's needs and not for someone else's.
2. As you noted, they're on their own insurance. My guess is that is it not the HDHP sort that is required for an HSA.
That said, I'm not a real expert on this topic so you may want to do some research.
At any rate, since they have their own insurance anyway why would you want to spend out of your HSA to start with?
3
Posted on 12/31/18 at 7:11 pm to foshizzle
quote:
, since they have their own insurance anyway why would you want to spend out of your HSA to start with?
Wife doesn't have an HSA, I do
Posted on 1/1/19 at 5:14 pm to foshizzle
quote:
I suspect the answer is "no”...
That said, I'm not a real expert on this topic so you may want to do some research.
So why post your best guess and spread misinformation? quote:
At any rate, since they have their own insurance anyway why would you want to spend out of your HSA to start with?
Probably because it’s his fricking wife and kids. Geeze man. Just delete your post.
Posted on 1/2/19 at 6:36 pm to foshizzle
quote:
Can I use my HSA account to pay my wife and. daughter's medical expenses?
I suspect the answer is "no", for the following reasons:
1. An HSA is owned by the individual, much like an IRA. This implies money can be withdrawn for that individual's needs and not for someone else's.
2. As you noted, they're on their own insurance. My guess is that is it not the HDHP sort that is required for an HSA.
That said, I'm not a real expert on this topic so you may want to do some research.
Wrong. Yes you can. Check the IRS guidelines for what can and can’t be used as HSA expenses.
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