Can i use my hsa for my girlfriend

We are both covered under separate plans at our respective places of employment. Plus you could have to pay an extra 20 penalty.

He would pay tax and penalty on the money coming out of the card.

Can i use my hsa for my girlfriend. Can I use my HSA debit card to pay for my live-in girlfriend of three years doctor bill. Thu Feb 28 2013 0944 am Post Subject. HSA pays for girlfriend as qualifying relative.

Youll be able to pay her bills if she fits the bill as your qualifying relative according to the IRS regulations. You can find the eligibility details at. If you use your HSA to pay for a friends medical bills you are going to run into a big IRS bill.

The money you take out of your HSA for a friend will be deemed an unqualified expense That means you will owe income tax on the withdrawal and a 20 percent penalty if you are younger than 65. In most cases spending your HSA money on your domestic partner isnt a mistake you want to make. In the eyes of the IRS its a non-qualified distribution.

That means your withdrawal may be taxed like normal income. Plus you could have to pay an extra 20 penalty. All dependents you claim on your tax return.

Any person you could have claimed as a dependent on your return except that. The person filed a joint return The person had gross income of 4050 or more or. You or your spouse if filing jointly could be claimed as a dependent on someone elses 2016 return.

Similar to an IRA you can and should name a beneficiary for your HSA. For example if you want to make sure your spouse can access your HSA if they outlive you you can name them as the. She would not be able to contribute to her own HSA if she were still your tax dependent She can contribute the full 7200 to her HSA since shes covered under a family HDHP.

And if you want you can make contributions to her HSA on her behalf. She would then be able to withdraw funds from her own HSA to cover her own medical expenses. You CAN but it would be dumb of him to let you use his card.

He would pay tax and penalty on the money coming out of the card. If you were married you could use it without tax and penalty. HSA accounts can be used for non-medical expenses but they lose tax-free perk.

For people who dont generally get sick or spend a lot on medical expenses an HSA can still prove beneficial. Filing status is irrelevant to using HSA funds. Per the IRS HSA funds can be used for qualified medical expenses.

Qualified medical expenses are those incurred by the following persons. You and your spouse. The IRS has very strict guidelines about who and what your money can be used for.

When it comes to your personal FSA you can only use your funds for yourself or for people who are considered qualifying dependents. So when it comes to your friends they dont become qualifying dependents simply because they live under the same roof as you. The plan owner does not have to be present when their spouse uses HSA funds.

Your spouse can also use their own cash debit or credit card to pay and then reimburse themselves with the HSA funds. Be sure to keep every receipt to justify the reimbursements. Your spouse can obtain healthcare using pre-tax dollars using the HSA money.

Can I use my HSA to pay my girlfriendpartners LTC premium. We have a shared care policy. We file our taxes individually.

Fri Mar 02 2007 739 pm. Use my HSA for another person. Post by Spirit Rider Sun Jun 25 2017 1219 am.

You can include medical expenses you paid for your spouse. To include these expenses you must have been married either at the time your spouse received the medical services or at the time you paid the medical expenses. So if you can hold off paying the medical bill until after you are married you are good to.

Can I use my HSA for my wifes qualified expenses. Even though she is on her own insurance plan. We are both covered under separate plans at our respective places of employment.

You can use your funds for spouse and children regardless of what plan theyre on. BUT you can only contribute what you qualify to contribute. You can use your Health Savings Account HSA for out-of-pocket medical costs including dental and vision and dental and vision premiums.

You cant use an HSA to pay health insurance premiums and if dental and vision are included as part of your plan rather.