Can I Reimburse Contacts Out of an HSA?

One common question that people have about their Health Savings Account (HSA) is whether they can use it to reimburse the cost of contacts. The answer is that yes, you can use your HSA funds to pay for prescription eyeglasses and contact lenses. This is considered a qualified medical expense by the IRS.

Here are some important points to keep in mind when using your HSA for contact lens reimbursement:

• Make sure you have a prescription for your contacts from a qualified eye care professional.
• Save your receipts for the contact lenses as well as any related expenses, such as the cost of the eye exam.
• Check with your HSA provider to understand their specific guidelines for submitting reimbursement claims.
• Remember that HSA funds can only be used for qualified medical expenses, so you cannot use them for cosmetic contact lenses or non-prescription glasses.

Using your HSA for contact lens reimbursement is a convenient way to manage your vision care expenses while taking advantage of the tax benefits that an HSA offers.

Have you ever wondered if you can tap into your Health Savings Account (HSA) to reimburse the costs of your contact lenses? Good news! The IRS recognizes prescription eyeglasses and contact lenses as qualified medical expenses, meaning you absolutely can.