Are Contact Lenses Covered by HSA? Understanding HSA Benefits

If you wear contact lenses, you may be wondering if they are covered by your Health Savings Account (HSA). The good news is that in many cases, contact lenses are indeed eligible expenses under an HSA.

HSA funds can be used to pay for a wide range of medical expenses, and that includes prescription contact lenses. Here are some key points to consider when it comes to using your HSA for contact lenses:

• Contact lenses are considered a qualified medical expense under the IRS guidelines if prescribed by a licensed eye care professional.
• You can use your HSA funds to purchase contact lenses, whether they are daily, weekly, monthly, or specialty lenses.
• Most vision insurance plans do not cover contact lenses, making your HSA a valuable resource for covering these costs.
• When using your HSA for contact lenses, be sure to save your receipts as documentation in case of an audit.

It's important to note that while contact lenses are generally eligible for HSA coverage, non-prescription colored contact lenses for cosmetic purposes may not be considered a qualified expense.

As with any HSA expense, it is always a good idea to check with your plan administrator or refer to the IRS guidelines to ensure that your purchases are eligible and compliant.

If you wear contact lenses, you might be curious about whether you can pay for them with your Health Savings Account (HSA). The answer is, yes! Many types of contact lenses can be covered by your HSA when prescribed by a licensed eye care professional.