I borrowed money on a care credit account last year to cover a dental bill as it was interest free. I have about half the bill left to pay and have to pay it off by a certain or be charged for the accumulated interest that was free. I want to know if I can pay this off with my HSA funds at this point. Being as this card can only be used for dental and medical charges, is paying off the balance considered covered under HSA rules?

Category: Health Savings Account and Health Insurance
I borrowed money on a care credit account last year to cover a dental bill as it was interest free. I have about half the bill left to pay and have to pay it off by a certain or be charged for the accumulated interest that was free. I want to know if I can pay this off with my HSA funds at this point. Being as this card can only be used for dental and medical charges, is paying off the balance considered covered under HSA rules?
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Anonymous 10/14/2015

1 Answer(s)

The primary concern is not how you paid it initially, but whether the expense was an eligible HSA expense. An eligible expense will diagnose or treat an illness injury or condition that is for yourself, your spouse, or a current tax dependent at the time of the expense, and must have occurredafter the time you funded your HSA account. In other words, was it a qualified expense for an eligible person from an eligible account? If you can answer yes to all three, you should be able to use HSA funds to pay off that balance. For instance, if it was for a cosmetic dental procedure, like teeth whitening, it would not qualify.
Vish Banthia 06/30/2016
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