DISTRIBUTIONS FROM HEALTH SAVINGS ACCOUNTS
01.Core Concepts
AFTER AGE 65 • Distribution for qualified medical expenses: • Completely tax-free • Qualified medical expenses include: • Medicare health insurance premiums* • Expenses for taxpayer, spouse, or dependents not covered by Medicare (or other health insurance), such as the Medicare deductible and coinsurance, as well as dental and vision-related expenses • LTCI premiums • Reimbursement for over-the-counter medications • Non-qualified distributions are subject to tax (no penalty after age 65). *Medigap premiums are not qualified medical expenses