For years I had an HDHP and contributed to an HSA, but never tapped into it.
Medicare began on June 1; I will start Social Security in 5 years. The funds in the HSA should cover Medicare + medical expenses during those five years.
My HSA is at Fidelity, and I plan to collect receipts for each calendar year and apply for reimbursement in late December.
My understanding is that I can use the HSA to pay premiums for Part A ($0), Part B + IRMAA, Part D + IRMAA. It cannot be used to pay Medigap premiums (Plan G). So far, so good.... I think.
Questions:
1) Last week I had cataract surgery. My out-of-pocket expenses were related to upgraded lenses (additional parts and labor ), required non-Rx compounded eye drops, and strongly suggested OTC eye drops. Are all of these HSA-eligible expenses?
2) Part B deductible: is this HSA eligible? I paid one doc office $180 and another $53, which they itemized as "co-pay" which seems to be eligible per Google.
Thank you!
Medicare began on June 1; I will start Social Security in 5 years. The funds in the HSA should cover Medicare + medical expenses during those five years.
My HSA is at Fidelity, and I plan to collect receipts for each calendar year and apply for reimbursement in late December.
My understanding is that I can use the HSA to pay premiums for Part A ($0), Part B + IRMAA, Part D + IRMAA. It cannot be used to pay Medigap premiums (Plan G). So far, so good.... I think.
Questions:
1) Last week I had cataract surgery. My out-of-pocket expenses were related to upgraded lenses (additional parts and labor ), required non-Rx compounded eye drops, and strongly suggested OTC eye drops. Are all of these HSA-eligible expenses?
2) Part B deductible: is this HSA eligible? I paid one doc office $180 and another $53, which they itemized as "co-pay" which seems to be eligible per Google.
Thank you!