HSA expense installment pymts

Tom in Raleigh · ‎January 8, 2020

Greetings,

I have an HSA acct. and used my Care Credit credit card "CCCC" to pay/charge $799 in dental expenses. The CCCC was charged the full $799, but I am paying CCCC in installments, interest free = great deal.

There is accumulated cash in the HSA acct. Can I reimburse myself the full $799 ? Or - can I only reimburse the total of the payments I have made to CCCC ?

Many thanks for your help.

Tom in Carolina

dmertz · ‎January 8, 2020

You can reimburse yourself for the entire medical expense, $799, as long as none of that expense is covered by insurance and the expense was incurred after the date your HSA was established.

Tom in Raleigh · ‎January 9, 2020

Thanks for the speedy reply !

If it is partially covered by insurance -

just deduct the claim pymt = net cost

and reimburse that amount ?

Many thanks again,

Regards,

Tom

dmertz · ‎January 9, 2020

Yes, you can reimburse yourself for the net cost by obtaining a distribution from the HSA.

Tom in Raleigh · ‎January 21, 2020

Hey Super D,

Many thanks for your help.

You are my hero.

Have a GREAT week, Tom

HSA expense installment pymts

Deductions & credits

Deductions & credits

Deductions & credits

Deductions & credits