Waugh Agency Receives Health Savings Account Certification



Waugh Agency, LLC is pleased to announce that agency owner Matt Waugh recently achieved the National Association of Health Underwriters (NAHU) Certified Consumer Directed Health Care Professional accreditation. NAHU-CDHC-HEALTH-SAVINGS-ACCOUNT-2016

This accreditation assures business owners that Waugh Agency understands the technical components of Health Savings Accounts (HSAs), Health Reimbursement Arrangement (HRAs), Flexible Spending Accounts (FSAs), and Section 125 plans. We are prepared to counsel you on new health care options in the fast-evolving, sophisticated space of CDHC.

What expenses are eligible for tax-free distributions from my Health Savings Account?

A. You can reimburse tax-free most Section 213(d) medical expenses. The term “Section 213(d) expenses” refers to the part of the Internal Revenue Code that defines the items that receive tax-favored status – either they are eligible for a tax deduction to the extent that they exceed 10% of your adjusted gross income or are eligible for tax-free reimbursement through a Health Flexible Spending Arrangement, Health Reimbursement Arrangement or Health Savings Account.

The IRS doesn’t publish an exhaustive list of all tax-advantaged items. A close proxy is IRS Publication 502 Medical and Dental Expenses, which lists and defines all items eligible for the tax deduction. The list is almost identical to the list of items you can reimburse tax-free from an HSA (though it’s not an exact match; insurance premiums, for example, are listed as eligible expenses in Publication 502, but only certain insurance premiums in certain circumstances are eligible for tax-free reimbursement from an HSA – see below).

In general, the list of eligible expenses includes:

Your financial responsibility for medical services covered by your health plan

Other medically necessary services that your health plan may not cover

Prescription drugs

Insulin and diabetic supplies

Over-the-counter medical supplies and equipment

Over-the-counter drugs and medicines (only with a valid prescription)

Health insurance premiums when you continue coverage through COBRA or are collecting federal or state unemployment insurance

Medicare premiums (Parts B, C and D) if you are age 65 or older (but not for Medigap insurance premiums)

Employer-based retiree health insurance premiums if you are age 65 or older

Long-term care insurance premiums, subject to certain limitations

Contact Us

Waugh Agency will assist you in navigating the changing healthcare landscape

Please provide the following information, a licensed specialist will contact you.

Name
This field is for validation purposes and should be left unchanged.
Business Name*
Contact Name*
First Last
Email Address*
Phone Number*
Number of employees
# of employees seeking health insurance

You may also call (800)779-4090, or e-mail us at service@waughagency.com.

Contact us to learn more about HSAs, HRAs, and FSAs

E-mail us

Waugh Agency Receives Health Savings Account Certification

What expenses are eligible for tax-free distributions from my Health Savings Account?

Contact Us

Waugh Agency will assist you in navigating the changing healthcare landscape

Contact us to learn more about HSAs, HRAs, and FSAs

Let's customize your 2026 benefits strategy.

BCBSMA Drops Small-Group PPOs: A Self Funded Health Plan may help

Startup Health Insurance: Build Your First Health Plan

Group Health Compliance 2026: Employer Survival Guide

Self Funded Health Insurance & AI for Small Business

Paid Family Leave Laws: Impact on Employee Benefits

Let's customize your 2026 benefits strategy.

Monday	8:30 AM - 7:00 PM
Tuesday	8:30 AM - 7:00 PM
Wednesday	8:30 AM - 7:00 PM
Thursday	8:30 AM - 7:00 PM
Friday	8:30 AM - 7:00 PM
Saturday	10:00 AM - 4:00 PM
Sunday	Closed