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Page1 FAQ
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Hold on to any insurance carrier's Explanation of Benefits (EOB) statement that documents your expenses for services covered under your HSA-eligible health plan. Keep receipts for all other items purchased with your HSA, for example, vision and dental services.
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Gym memberships. While some companies and private insurers may offer discounts on gym memberships, you generally can't use your FSA or HSA account to pay for gym or health club memberships.
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Hold on to any insurance carrier's Explanation of Benefits (EOB) statement that documents your expenses for services covered under your HSA-eligible health plan. Keep receipts for all other items purchased with your HSA, for example, vision and dental services.
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Your HSA Bank Health Benefits Debit Card provides access to your HSA funds at point of sale with signature or PIN and at ATMs for withdrawals.
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You're not eligible for an HSA if you are: Covered by another health insurance plan, such as a spouse's plan, that is not a qualified HDHP. Claimed as a dependent on another person's tax return.
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Individuals Who Qualify for an HSA Be covered by a high-deductible health plan (HDHP) on the first day of the month. Not be covered by other health insurance (see Publication 969 for exceptions) Not be enrolled in Medicare (the individual can be HSA-eligible for the months before being covered by Medicare)
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To be an eligible individual and qualify for an HSA, the taxpayer must meet the following requirements: Be covered by a high-deductible health plan (HDHP) on the first day of the month. Not be covered by other health insurance (see Publication 969 for exceptions)
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Before you purchase an item, you should check with your HSA administrator to determine if your expense is HSA eligible with a LOMN.
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