Can I Buy Plan B with My HSA? Everything You Need to Know

One common question that arises for individuals with Health Savings Accounts (HSAs) is whether they can use their HSA funds to purchase Plan B, also known as the morning-after pill. Let's delve into this topic and break down the details to provide you with a clear understanding.

Plan B is an emergency contraceptive pill that can help prevent pregnancy when taken within a certain window after unprotected intercourse or contraception failure. Here are some key points to consider regarding buying Plan B with your HSA:

• Plan B is available over-the-counter without a prescription in most pharmacies.
• HSAs are designed to cover qualified medical expenses for the account holder, their spouse, and dependents.
• Generally, contraceptives, including emergency contraceptives like Plan B, are considered eligible expenses that can be paid for using HSA funds.
• It's always recommended to keep a record of the receipt or transaction when using your HSA to purchase Plan B for possible future reference or audits.

Ultimately, while it's advisable to consult with your HSA provider or a tax professional for specific guidance based on individual circumstances, purchasing Plan B with your HSA should typically be allowed as it falls under eligible medical expenses.

If you've been wondering whether you can use your HSA funds to purchase Plan B, the morning-after pill, you're not alone. Many people with Health Savings Accounts have similar questions. Let's clarify the information.