How old can a medical expense be and still used for an HSA?

When it comes to using a Health Savings Account (HSA) for medical expenses, there is a common question that often arises - how old can a medical expense be and still be used for an HSA?

The good news is that there is no time limit for when a medical expense must be incurred in order to use HSA funds for reimbursement. As long as the medical expense was incurred after you opened your HSA account, it is eligible for reimbursement at any point in the future.

Here are some key points to keep in mind about using HSA funds for medical expenses:

• There is no expiration date for eligible medical expenses when using HSA funds.
• You can save your receipts and reimburse yourself from your HSA even years after the medical expense occurred.
• It's important to keep accurate records of your medical expenses and related receipts in case of an IRS audit.
• Qualified medical expenses include a wide range of services, treatments, and products, such as doctor visits, prescription medications, dental care, and more.

Overall, HSAs offer flexibility and long-term savings potential when it comes to covering medical expenses, providing peace of mind for individuals and families.

Are you wondering how old a medical expense can be for it to be eligible for reimbursement through your HSA? The answer may surprise you - there's no set expiration date! Any medical expense incurred after you opened your Health Savings Account can be reimbursed, no matter how long ago it was.