Can I Use HSA Funds to Pay Medical for Grown Children?

Many individuals wonder if they can use their HSA funds to pay for medical expenses of their adult children. The answer is yes, under certain circumstances.

If your grown child is considered a dependent for tax purposes, you can use your HSA funds to cover their medical expenses. To claim your child as a dependent, they must meet the following criteria:

• Be under the age of 19, or under the age of 24 if a full-time student
• Not provide more than half of their own financial support
• Live with you for more than half the year
• Not file a joint tax return with their spouse

If your adult child does not meet the criteria to be claimed as a dependent, they can still use the HSA funds if they are a named beneficiary on your HSA account in the event of your death.

It's important to keep in mind that even though you can use your HSA funds to pay for your grown child's medical expenses, they will not be able to contribute to the HSA themselves unless they are also covered under a High Deductible Health Plan (HDHP).

It's a common question among parents: can HSA funds be utilized for the medical expenses of your adult children? The short answer is yes, but there are specific conditions that need to be satisfied.