Who is responsible for determining whether HSA funds are used for qualified medical expenses?
It is your sole responsibility to ensure your HSA funds are used for medical expenses. It is also your responsibility to determine the tax consequences of any distributions, for maintaining adequate records for tax purposes, and for paying any taxes and penalties arising as a result of any such distribution. Please contact a legal or tax adviser concerning questions you may have.
Related Questions
- Who is responsible for determining whether HSA distributions are used exclusively for qualified medical expenses?
- Who is responsible for determining whether an HSA distribution has been used for qualified medical expenses?
- Who is responsible for determining whether HSA funds are used for qualified medical expenses?