Using Your HSA to Reimburse Medical Expenses from Prior Years

December 3, 2019

Health Savings Accounts were originally created in 2003 and are arguably one of the best tax gifts that Congress ever gave taxpayers. They provide a triple-tax-benefit of: 1) tax-deductible contributions; 2) tax-free growth; and 3) tax-free distributions for qualified medical expenses. This Forbes article discusses an amazing HSA added benefit which allows for HSA distributions to be used to reimburse medical expenses from prior years: