What items are HSA eligible
The Complete HSA Eligibility List
- AA Meetings. AA Meetings are eligible expenses with a flexible spending account (FSA), health savings account (HSA) and health reimbursement arrangement (HRA).
- Acid Controller.
- Acne Medicine.
- Activated Charcoal.
- Acupressure Mat.
What happens if I use my HSA for something else
The tax penalty is 20% on any non-medical expenses before age 65. After you turn 65 you can use the HSA money for non health care related expenses without paying the penalty, but you will still have to pay income taxes on the money.
What are eligible FSA expenses
You can use funds in your FSA to pay for certain medical and dental expenses for you, your spouse if you’re married, and your dependents. FSAs may also be used to cover costs of medical equipment like crutches, supplies like bandages, and diagnostic devices like blood sugar test kits.
Is Tylenol HSA eligible
Tylenol: FSA Eligibility. Tylenol is eligible for reimbursement with flexible spending accounts (FSA), health savings accounts (HSA), and health reimbursement accounts (HRA) with a prescription from a doctor.
Can HSA be used for gym membership
Yes, you can. You can pay for anything out of your HSA account. However, if you pay for your gym membership out of your HSA account you will incur a tax penalty of 20% and owe income taxes that you need to self report and pay at the end of the year via IRS form 8889.