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People also ask
Should HSA funds be allowed to be used for fitness?
Representative Matt Salmon (R-AZ) recently introduced H.R. 3404, which specifically proposes that the tax code be changed to allow HSA funds to be used to pay for 渇itness facility membership and classes.?/div>Hitting the Gym With Your HSA Dollars – HSA for America
Can I use my HSA to pay for anything I want?
Keep in mind that you can also use the account for more than the expenses you incur under your main health insurance plan. For example, if your medical plan doesn’t cover dental or vision care, HSA funds could still be used for those bills. There are a few things that a HSA cannot be used for. You can’t use it to pay insurance premiums.
What is a health savings account (HSA)?
The Health Savings Account is used to help pay healthcare costs until the deductible is met. A health savings account (HSA) lets you set aside pretax income to cover health care costs that your insurance doesn’t pay. You can contribute to an HSA only if you have a high-deductible health plan (HDHP) and aren’t enrolled in Medicare.
What can you not use an HSA for?
There are a few things that a HSA cannot be used for. You can’t use it to pay insurance premiums. Other ineligible expenses include over the counter items like toothpaste, toiletries, and cosmetics, as well as most cosmetic surgeries.