Any funds you withdraw for non-qualified medical expenses will be taxed at your income tax rate plus an IRS imposed penalty.
The following list provides examples of eligible medical expenses. This list is not all-inclusive. Remember, the IRS may modify its list of eligible expenses from time to time. As always, consult your tax advisor should you require specific tax advice.
• Acupuncture
• Alcoholism
• Ambulance
• Annual Physical Examination
• Artificial Limb
• Artificial Teeth
• Bandages
• Birth Control Pills
• Body Scan
• Braille Books and Magazines
• Breast Pumps and Supplies
• Breast Reconstruction Surgery
• Capital Expenses
• Car
• Chiropractor
• Christian Science Practitioner
• Contact Lenses
• Crutches
• Dental Treatment
• Diagnostic Devices
• Disabled Dependent Care Expenses
• Drug Addiction
• Drugs
• Eye Exam
• Eyeglasses
• Eye Surgery
• Fertility Enhancement
• Founder’s Fee
• Guide Dog or Other Service Animal
• Health Institute (HMO)
• Hearing Aids
• Home Care
• Home Improvements
• Hospital Services
• Insurance Premiums
• Special Home for Intellectually and Developmentally Disabled
• Laboratory Fees
• Lactation Expenses
• Lead-Based Paint Removal
• Learning Disability
• Legal Fees
• Lifetime Care - Advance Payments
• Lodging
• Long-Term Care
• Meals
• Medical Conferences
• Medical Information Plan
• Medicines
• Nursing Home
• Nursing Services
• Operations
• Optometrist
• Organ Donors
• Osteopath
• Oxygen
• Physical Examination
• Pregnancy Test Kit
• Prosthesis
• Psychiatric Care
• Psychoanalysis
• Psychologist
• Special Education
• Sterilization
• Stop-Smoking Programs
• Surgery
• Telephone
• Television
• Therapy
• Transplants
• Transportation
• Trips
• Tuition
• Vasectomy
• Vision Correction Surgery
• Weight-Loss Program
• Wheelchair
• Wig
• X-Ray