Courtesy of our friends at FlexBank, some interesting late-model HSA factoids:
■ This year's (2012) max contribution ceiling is $3100 for singles and $6250 for families. If your employer is kicking in a few bucks (lucky you!), it'll count towards that total.
■ Thanks to ObamneyCare©, you'll need a doc's scrip for any Over-The-Counter (OTC) meds you want to run through your account.
■ You can't pay your regular health insurance premiums from your HSA, but COBRA, Long Term Care insurance and Medicare premiums are generally eligible.
■ This is VERY cool, and something I hadn't known: Mileage to obtain medical care is an eligible expense under a Health Savings Account. You can reimburse yourself at 23 cents/mile, but you'll need to keep very careful records.
[Hat Tip: Lou G]
■ This year's (2012) max contribution ceiling is $3100 for singles and $6250 for families. If your employer is kicking in a few bucks (lucky you!), it'll count towards that total.
■ Thanks to ObamneyCare©, you'll need a doc's scrip for any Over-The-Counter (OTC) meds you want to run through your account.
■ You can't pay your regular health insurance premiums from your HSA, but COBRA, Long Term Care insurance and Medicare premiums are generally eligible.
■ This is VERY cool, and something I hadn't known: Mileage to obtain medical care is an eligible expense under a Health Savings Account. You can reimburse yourself at 23 cents/mile, but you'll need to keep very careful records.
[Hat Tip: Lou G]
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