Can I use My HSA to Pay off Medical Debt?
Can I use an HSA to pay off Medical debt? Does it matter when the debt was incurred? For example can I pay off debt incurred before I had an HSA, or can I only pay off debt incurred after?
Answer
You can use your HSA to pay for Medical debt any time after the HSA was opened. You cannot use your HSA to pay for debt incurred before the HSA was open.
More specifically, you can use your HSA for any qualified medical expense. If a qualified medical expense was incurred after your HSA was opened, then you can use your HSA to pay for it. However, if the qualified medical expense was incurred before your HSA was opened, then you can not use your HSA to pay for it.