National Headlines

Can I buy an Apple Watch 4 using money from my Health Savings Account?

By Craig Johnson

Can the new Apple Watch be bought as a medical device through your HSA?

HSA-qualifying medical expenses like ambulance trips, therapy, hearing aids and more are listed in Section 213(d) of the Internal Revenue Service Tax Code. As you might imagine, the Apple Watch 4, even though it’s been FDA-approved for electrocardiograms, is not listed there. Why not? The question was a confounding one even for money expert Clark Howard. So he steered me to someone who might know: His brother, Neal Howard, an attorney who specializes in health care.

Categories: National Headlines