Can I Use HSA for Over the Counter Medicine?

Many people wonder if they can use their HSA funds for over the counter medicine. The answer is yes!

Health Savings Accounts (HSAs) are a versatile way to save money for medical expenses, and that includes over the counter medications. Here are some key points to consider:

• HSAs allow you to use pre-tax dollars to pay for qualified medical expenses, including over the counter medicine.
• Unlike FSAs (Flexible Spending Accounts), HSA funds roll over from year to year, so you don't have to worry about losing the money you've saved.
• It's essential to keep your receipts for over the counter medication purchases to prove they are HSA-eligible expenses.
• Some pharmacies may have systems in place to determine automatically if a product qualifies, but it's always a good idea to double-check.

Overall, using your HSA for over the counter medicine is a great way to save on healthcare costs and take control of your wellness.

Have you ever found yourself at the pharmacy wondering if you can use your HSA for over the counter medicine? Well, the good news is yes, you absolutely can!