★ Key Takeaways
The Funds in an Hsa Can Be Used for General Non-Medical Purposes, Without Penalty, Once the Employee Reaches Age 65. Any Withdrawn Funds Used for Non-Medical Purposes Are Still Subject to Income Taxes. .. . Also, There Is an Additional 20% Tax Penalty for Early Non-Medical Withdrawals.
Take a look at a comprehensive breakdown pertaining to Can You Use Hsa for Nonmedical.
The Funds in an Hsa Can Be Used for General Non-Medical Purposes, Without Penalty, Once the Employee Reaches Age 65. Any Withdrawn Funds Used for Non-Medical Purposes Are Still Subject to Income Taxes. .. . Also, There Is an Additional 20% Tax Penalty for Early Non-Medical Withdrawals.
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