Are Contacts Covered by HSA? Everything You Need to Know

When it comes to health savings accounts (HSAs), one common question that many people have is whether contacts are covered expenses. It's important to understand how HSAs work and what items are eligible for reimbursement through your HSA funds.

Typically, contact lenses and prescription eyeglasses are considered eligible expenses under an HSA. This means that you can use your HSA funds to pay for these vision-related expenses.

However, it's essential to keep in mind that not all vision expenses may be covered by your HSA. Here are some key points to remember:

• Contact lenses and prescription eyeglasses are usually covered by HSAs.
• Cosmetic contact lenses or non-prescription eyewear are typically not eligible for reimbursement through your HSA.
• Laser eye surgery, such as LASIK, may not be considered an eligible expense unless it is for a medical necessity.

Before using your HSA funds to pay for contact lenses or any other vision-related expenses, it's a good idea to check with your HSA provider or consult the IRS guidelines to ensure that the expense is considered eligible.

Remember, maintaining proper documentation of your vision-related expenses is crucial for tax and audit purposes. Keep receipts and invoices to substantiate your HSA expenses.

Are you wondering if your health savings account (HSA) can help with eyewear costs? Yes, contact lenses and prescription glasses are generally qualified expenses under HSA rules. Using your HSA funds for these necessities can significantly alleviate your out-of-pocket expenses.