Qualified Medical Expenses

Qualified Medical Expenses are costs you pay for healthcare that are eligible for tax deductions or reimbursement through certain health plans. These include payments for doctor visits, hospital care, prescription medications, and medical equipment. The IRS outlines specific expenses that qualify, and these expenses must be primarily for your, your spouse's, or your dependents' medical care. Not all health-related costs are qualified—for example, cosmetic procedures or over-the-counter medicines without a prescription typically do not qualify. Keeping receipts and proper documentation is essential for claiming these expenses on your taxes or health accounts.