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Using your Medical Savings Account

Examples

  • Doctor's visit
  • Inpatient hospital stay

These are just examples of Medicare-covered Part A and Part B services. Find out if Medicare covers a test, item, or service you need.

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

Yes

Is the money that I use from my account for this expense taxed?

No

Examples

  • Dental
  • Vision
  • Part D prescription drugs

These are just examples of Qualified Medical Expenses. See IRS publication #969 [PDF, 2.13 MB] for the year that you're filing to get a complete list of the services and products that count as Qualified Medical Expenses.

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

No

Is the money that I use from my account for this expense taxed?

No

Examples

  • Groceries
  • Utilities

Can I use the money in my account for this expense?

Yes

Does this expense count toward my deductible?

No

Is the money that I use from my account for this expense taxed?  

Yes