HSA reimbursement

[PatronWizard11]

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

[Fireball]

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.

[PatronWizard11]

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.