"...medical expense incurred AFTER opening HSA"

[MrMoneyAbsent]

So my wife gave birth to our crazy little son Mid-Feburary 2016. I opened an HSA 3/1/16. I then started sending $ to my HSA as the medical bills started coming in (C-Section, so ~9k after insurance). I was planning to pull this money back out since I have ~9k of qualified expenses and could lower my AGI because I contributed to my HSA. We are planning to just barely max out our traditional IRA's this year, so leaving the money in there long term isn't the plan.

90% of the bills have a billed date of Mid-March; so were these incurred "after" I opened my HSA account? Or did opening my HSA account 10 days after the birth really cost me $1350 (15%tax rate*9000)?

(I do realize I cannot put 9k in the HSA this year)

[Altons Bobs]

Your expenses were incurred BEFORE you opened the HSA, so you can't reimburse yourself for those.

[WFUDEAC]

Date of Service is the incurred on date

[MrMoneyAbsent]

Well that is unfortunate. I appreciate the responses!

[electriceagle]

Keep in mind that the HSA acts like a Super Roth IRA.

If you have the cash flow to support it, consider investing your HSA using a provider like Healthsavings.com (offers Vanguard funds). Scan and store your medical receipts. Let the money grow tax-free, and then use the receipts to withdraw it tax-free in the future.

[Allen]

If you have an HSA #1 and then incur expenses, and then roll over HSA#1 into HSA#2 which you just opened, can you still reimburse yourself for the expenses after HSA 1 but before HSA 2?

[Altons Bobs]

If you have an HSA #1 and then incur expenses, and then roll over HSA#1 into HSA#2 which you just opened, can you still reimburse yourself for the expenses after HSA 1 but before HSA 2?

Yes.