Can You Buy Over the Counter Drugs with HSA?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while enjoying tax breaks. One common question that comes up is whether you can use your HSA funds to purchase over-the-counter drugs.

The short answer is yes! You can buy over-the-counter drugs with your HSA funds, making it convenient to access relief for common ailments without a prescription.

However, there are a few things to keep in mind when using your HSA for over-the-counter drugs:

• Make sure the over-the-counter drug is eligible. Some items like vitamins or supplements may not be covered.
• Save your receipts. It's important to keep track of your purchases for tax purposes.
• Check with your HSA provider for any specific guidelines or restrictions when it comes to over-the-counter purchases.

By using your HSA for over-the-counter drugs, you can effectively manage your healthcare expenses and stretch your dollars further.

Absolutely! Health Savings Accounts (HSAs) are designed to help you manage your health expenses, and buying over-the-counter drugs is one of the great ways to do that without the hassle of prescriptions.