Health Savings Account Irs Form
Can I pay child birth/delivery expenses from HSA?
Hi,
Typically our HMO pays 80% of the bill and we need to pay 20% of the bill which are few thousands $$$.We plan to open an HSA(Health Savings Account) to cover our baby birth/delivery expenses.
I didn’t see child birth in IRS form on HSA
http://www.irs.gov/publications/p502/index.html
But not sure whether child birth related expenses are eligible medical expenses or not.
Does any one used HSA for child birth/delivery expenses.
Thx in advance for your time and help…
Do we need to use the funds in the same calendar year?
Generally yes, you need to use the funds in the same calendar year. My HSA pays for anything the insurance does not cover – and that included, at the time, any doctor/medical bills. To get a solid answer, call your insurance provider directly or talk to your company’s HR rep.
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