The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: PatronWizard11 on January 18, 2016, 07:36:28 PM
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Can I use a credit card of choice for medical expenses and then simply just do a reimbursement for those cost at a later date once my funds match that amount?
This is our first year with an HSA. it will get $200+ put into it every 2 weeks and her employer will put $1500. So it will be maxed at the end of the year (Family Plan)
BUT right now there is only $201, since we just opened it. What if I have a bill tomorrow for $400. Can I use a credit card, pay the credit card off with after tax money and then reimburse ourselves once the HSA reaches $400? Or does the amount have to be in there first before getting that medical bill?
thanks
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Yes. In order for reimbursement, the HSA only has to be open at the time of your medical payment. Keep a copy of the receipt where you paid & you can pull that money out at any later date.
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Yes. In order for reimbursement, the HSA only has to be open at the time of your medical payment. Keep a copy of the receipt where you paid & you can pull that money out at any later date.
awesome, i was 50/50 and am happy with the answer.
i plan to combine this with a 2% cash back rewards credit card and save even more if possible.