Can I Use 2017 HSA Contributed Money to Pay 2017 in January 2018?

Many people wonder if they can use their 2017 Health Savings Account (HSA) contributions to pay for 2017 expenses in January 2018. The answer is yes! HSA funds are flexible and can be used for eligible medical expenses incurred anytime after the HSA was established, even if the expenses occurred in a previous year.

HSAs provide a tax-advantaged way to save for medical expenses. Here's how it works:

• Contributions to your HSA are tax-deductible
• There is no time limit on when you can use the funds
• You can carry over unused funds from year to year
• You own the account and the money in it, even if you change jobs or health plans

So, if you contributed to your HSA in 2017 and have medical expenses from that year to pay in January 2018, you can absolutely use your HSA funds to cover those expenses.

Absolutely! If you contributed to your Health Savings Account (HSA) in 2017, you can tap into those funds in January 2018 to pay for any eligible medical expenses you incurred during 2017.