SouthFayetteFan
Saving Money on Disney Vacations since 2006
- Joined
- Sep 6, 2014
A couple of things:The only thing I want to add on HSA's is, you get a card, like a credit card. You can use it for any medical expense, like co-pays. Most important, don't overlook the big ones--we used our account for eyeglasses/contacts. With 6 people needing corrective lenses, it was a huge help. You could probably also use it for dental work/orthodontia, but please double-check your own plan on that.
1) “Plans” don’t govern what are eligible medical expenses. The IRS does actually so nobody would have plan specific restrictions. I would recommend all to review the list as there are some surprising things that are (and aren’t) in there.
2) You don’t have to use the card - I never do. I put my (albeit rare) medical expenses on a credit card and earn points and then just request a reimbursement from the HSA. I’ve also used VGCs that I got 5% or 6% back on from a CC to pay medical expenses - which is pretty neat if you think about it.