»  Qualified Expenses

What is a Qualified Medical Expense?

Qualified Medical Expenses are outlined in the same code used for the Unreimbursed Medical Expenses, IRC Section 213(d). Outside of IRC Section 213 eligible expenses, employees may also use HSA funds for the following:

• COBRA coverage;


• A qualified long-term care insurance contract;


• Any health plan maintained while the individual is receiving unemployment compensation under federal or state law; or


• For those age 65 or over (whether or not they are entitled to Medicare), any health insurance (e.g., retiree medical coverage) other than a Medicare supplemental policy.

E-SB-198