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1- 888 - 357- 4501

1-580-622-4867
1-888-357-4501
FAX:  580-622-4867
in Oklahoma City:
1-405-401-4192

john
@AARKinsurance.com

 

 

Oklahoma Health Savings Account
 

Eligible medical expenses are defined as those expenses paid for care as described in Section 213(d) of the Internal Revenue Code. Additionally, the IRS has allowed some over-the-counter drugs to qualify as eligible medical expenses. *

John Krogh Insurance is presenting the following lists to help you determine whether an expense is eligible or not. The lists are provided with the understanding that John Krogh Insurance is not engaged in rendering tax advice. These lists are to serve as a quick reference. For more detailed information, please refer to IRS Publication 502 or contact a tax professional.
 

Eligible Medical Expenses
(For HSA Distributions)
bulletAbdominal supports
bulletAbortion
bulletAcupuncture
bulletAir conditioner (when necessary for relief from difficulty in breathing)
bulletAlcoholism treatment
bulletAmbulance
bulletAnesthetist
bulletArch supports
bulletArtificial limbs
bulletAutoette (when used for relief of sickness/disability)
bulletBirth Control Pills (by prescription)
bulletBlood Tests
bulletBlood transfusions
bulletBraces
bulletCardiographs
bulletChiropractor
bulletChristian Science Practitioner
bulletContact Lenses
bulletContraceptive devices (by prescription)
bulletConvalescent home (for medical treatment only)
bulletCrutches
bulletDental Treatment
bulletDental X-rays
bulletDentures
bulletDermatologist
bulletDiagnostic fees
bulletDiathermy
bulletDrug addiction therapy
bulletDrugs (prescription)
bulletElastic hosiery (prescription)
bulletEyeglasses
bulletFees paid to health institute prescribed by a doctor
bulletFICA and FUTA tax paid for medical care service
bulletFluoridation unit
bulletGuide dog
bulletGum treatment
bulletGynecologist
bulletHealing services
bulletHearing aids and batteries
bulletHospital bills
bulletHydrotherapy
bulletInsulin treatment
bulletLab tests
bulletLead paint removal
bulletLegal fees
bulletLodging (away from home for outpatient care)
bulletMetabolism tests
bulletNeurologist
bulletNursing (including board and meals)
bulletObstetrician
bulletOperating room costs
bulletOphthalmologist
bulletOptician
bulletOptometrist
bulletOral surgery
bulletOrgan transplant (including donor's expenses)
bulletOrthopedic shoes
bulletOrthopedist
bulletOsteopath
bulletOxygen and oxygen equipment
bulletPediatrician
bulletPhysician
bulletPhysiotherapist
bulletPodiatrist
bulletPostnatal treatments
bulletPractical nurse for medical services
bulletPrenatal care
bulletPrescription medicines
bulletPsychiatrist
bulletPsychoanalyst
bulletPsychologist
bulletPsychotherapy
bulletRadium Therapy
bulletRegistered nurse
bulletSpecial school costs for the handicapped
bulletSpinal fluid test
bulletSplints
bulletSterilization
bulletSurgeon
bulletTelephone or TV equipment to assist the hard-of-hearing
bulletTherapy equipment
bulletTransportation expenses (relative to health care)
bulletUltra-violet ray treatment
bulletVaccines
bulletVasectomy
bulletVitamins (if prescribed)
bulletWheelchair
bulletX-rays
Eligible Over-the-Counter Drugs (For HSA Distributions)
bulletAntacids
bulletAllergy Medications
bulletPain Relievers
bulletCold medicine
bulletAnti-diarrhea medicine
bulletCough drops and throat lozenges
bulletSinus medications and nasal sprays
bulletNicotine medications and nasal sprays
bulletPedialyte
bulletFirst aid creams
bulletCalamine lotion
bulletWart removal medication
bulletAntibiotic ointments
bulletSuppositories and creams for hemorrhoids
bulletSleep aids
bulletMotion sickness pills

Ineligible Medical Expenses

bulletAdvancement payment for services to be rendered next year
bulletAthletic club membership
bulletAutomobile insurance premium allocable to medical coverage
bulletBoarding school fees
bulletBottled water
bulletCommuting expenses of a disabled person
bulletCosmetic surgery and procedures
bulletCosmetics, hygiene products and similar items
bulletFuneral, cremation, or burial expenses
bulletHealth programs offered by resort hotels, health clubs, and gyms
bulletIllegal operations and treatments
bulletIllegally procured drugs
bulletMaternity clothes
bulletNon-prescription medication
bulletPremiums for life insurance, income protection, disability, loss of limbs, sight or similar benefits
bulletScientology counseling
bulletSocial activities
bulletSpecial foods and beverages
bulletSpecially designed car for the handicapped other than an autoette or special equipment
bulletStop-smoking programs
bulletSwimming pool
bulletTravel for general health improvement
bulletTuition and travel expenses a problem child to a particular school
bulletWeight loss programs

Ineligible Over-the-Counter Drugs

bulletToiletries (including toothpaste)
bulletAcne treatments
bulletLip balm (including Chapstick or Carmex)
bulletCosmetics (including face cream and moisturizer)
bulletSuntan lotion
bulletMedicated shampoos and soaps
bulletVitamins (daily)
bulletFiber supplements
bulletDietary supplements
bulletWeight loss drugs for general well being
bulletHerbs

Health Insurance may not be purchased with HSA Funds. There are 3 situations which are exceptions whereby HSA funds can be used to pay for:

1) A health plan during any period of continuation coverage required under any Federal law
2) A qualified long-term care insurance contract
3) A health plan during a period in which the individual is receiving unemployment compensation under any Federal or State Law

 *Revenue Ruling 2003-102, 2003-38 I.R.B. 559
 

   

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