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Does CoverColorado monitor disbursements and if they are used for qualified expenses?

April 26, 2017covercolorado disbursements expenses monitor qualified Used

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Does CoverColorado monitor disbursements and if they are used for qualified expenses?

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• No, we will not monitor the reason for withdrawal from your HSA account. The account holder is responsible for determining if the withdrawal is a “qualified” expense or not. Reimbursements for non-qualified expenses may have tax consequences for you. Contact your financial advisor.