Author Topic: HSA reimbursement  (Read 1163 times)

homelesshobbit

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HSA reimbursement
« on: January 18, 2016, 07:36:28 PM »
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

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Re: HSA reimbursement
« Reply #1 on: January 18, 2016, 07:52:13 PM »
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.

homelesshobbit

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Re: HSA reimbursement
« Reply #2 on: January 18, 2016, 08:59:32 PM »
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.