★ 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 Any Withdrawn Funds Used for Non-Medical Purposes Are Still Subject to Income Taxes.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.
Is can You Use Hsa for Nonmedical a question on your mind? Read key explanations in our feature story.
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 Any Withdrawn Funds Used for Non-Medical Purposes Are Still Subject to Income Taxes.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.
Frequently Asked Questions
