Can HSA be Used for Contact Lenses?

Many people wonder if their Health Savings Account (HSA) can be used for purchasing contact lenses. The answer is yes, you can use your HSA funds to pay for contact lenses, as they are considered a qualified medical expense under IRS guidelines.

Here are some key points to consider:

• Contact lenses are considered a prescription medical expense eligible for HSA funds.
• You can use your HSA debit card to purchase contact lenses directly from a qualified provider.
• If you buy contact lenses online, make sure the retailer is an authorized supplier to ensure your HSA funds can be used.
• It's important to keep records and receipts of your contact lens purchases for tax purposes and potential audits.

Using your HSA for contact lenses is a convenient way to manage your eye care expenses while taking advantage of the tax benefits of an HSA.

If you're considering purchasing contact lenses, you'll be pleased to know that your Health Savings Account (HSA) can be a valuable resource for this expense. Under IRS guidelines, contact lenses qualify as a medical necessity, allowing you to utilize your HSA funds.