First and foremost, the rules change every year. I’m not a tax expert. My information comes from the IRS website. It’s important to consult a tax professional if you need help with your taxes. Now that the legal stuff is out of the way…

If you have a ton of medical expenses every year you have three main options as far as taxes are concerned.

1. Health Savings Account – Pre-tax money for use on medical expenses
2. Flexible Spending Account – Also pre-tax money for use on medical expenses, but with different rules.
3. Itemize your taxes and reduce your tax burden by claiming medical expenses as a deduction.

Doing one or two does not prevent you from doing number three, but you can’t use the tax-free money and then claim those medical expenses as a deduction on your taxes.

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