Frequently Asked Question
Can I Use My HSA Dollars for Other Expenses?
Last updated: September 20, 2019
You are permitted to take a distribution from your HSA at any time and for any reason; however, only those amounts used exclusively to pay for qualified medical expenses are tax-free. Any amounts you withdraw from your HSA that are not used to pay for qualified medical expenses are taxable income to you. These amounts are also subject to a 20% tax penalty unless you are age 65 or older, disabled or deceased.