ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
This will be my 1st 'full' year of having a ACA based HDHC policy.
Since this policy officially started on December 1, 2016, I was eligible to contribute to a HSA for 2016.
I put in $3,300.00
My Policy:
$273.00 Per Month, $6,300.00 Deductible, & zero coverage for dental/vision.
I'm 55, & I'm not on any prescriptions.
I have the first of my 2 annual teeth cleaning's later this month.
The cost per cleaning is approximately $140.00
Question #1A: If I chose to, could I pay for this with HSA funds ?
Question #1B: Hypothetically, if I have $5,000.00 of medical/dental/vision expenses in 2017, & choose to pay all of it ‘out of pocket’ allowing my HSA funds to grow tax-free, would I be violating any tax laws ?
If not, would I have to enter any of this when I do my 2017 taxes ?
Since this policy officially started on December 1, 2016, I was eligible to contribute to a HSA for 2016.
I put in $3,300.00
My Policy:
$273.00 Per Month, $6,300.00 Deductible, & zero coverage for dental/vision.
I'm 55, & I'm not on any prescriptions.
I have the first of my 2 annual teeth cleaning's later this month.
The cost per cleaning is approximately $140.00
Question #1A: If I chose to, could I pay for this with HSA funds ?
Question #1B: Hypothetically, if I have $5,000.00 of medical/dental/vision expenses in 2017, & choose to pay all of it ‘out of pocket’ allowing my HSA funds to grow tax-free, would I be violating any tax laws ?
If not, would I have to enter any of this when I do my 2017 taxes ?