Saturday, October 19th, 2013

darkoshi: (Default)
As part of my employment, I have a Health Savings Account to which I contribute a portion of my salary during the year. The contributions are not taxed and may be used for paying medical expenses.

IRS publication 969 provides information on "Health Savings Accounts and Other Tax-Favored Health Plans".

This publication states: Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. These are explained in Publication 502, Medical and Dental Expenses.

IRS publication 502 has a long list of "includable" medical expenses, as well as a smaller list of "not includable" expenses. But nowhere in the publication can I find any mention of emergency room care, urgent care, or doctor's office visits (other than an annual physical exam). It seems inconceivable that they wouldn't be considered qualified expenses, but why aren't they listed?

Update - 2013/10/20
Publication 502 includes the following section titled "What are Medical Expenses?", before the lists of includable and non-includable expenses.

Medical expenses are the costs of diagnosis, cure, mitigation, treatment, or prevention of disease, and the costs for treatments affecting any part or function of the body. These expenses include payments for legal medical services rendered by physicians, surgeons, dentists, and other medical practitioners. They include the costs of equipment, supplies, and diagnostic devices needed for these purposes.

The publication also states:
Pub. 502 covers many common medical expenses but not every possible medical expense. If you cannot find the expense you are looking for, refer to the definition of medical expenses under "What Are Medical Expenses".

I still don't understand why emergency room care, urgent care, and doctor's visits aren't specifically listed when so many other things are, but perhaps the above is meant to imply that any medical expense not specifically listed is an "includable" expense rather than an "not includable" one.

May 2025

S M T W T F S
    123
45678910
11121314151617
1819 2021222324
25262728293031

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Thursday, May 22nd, 2025 05:51 pm
Powered by Dreamwidth Studios