Can You Buy Over the Counter Medication with HSA?

Yes, you can buy over the counter medication with an HSA (Health Savings Account). Having an HSA provides you with a convenient way to manage your healthcare expenses, including purchasing over the counter drugs and medications. Here are some important points to consider:

1. Over the counter medications that are used to treat a specific medical condition are generally eligible for HSA reimbursement.

2. It is advisable to keep the receipt of your OTC medication purchases for record keeping and in case you need to prove the eligibility of the expense.

3. HSA funds can be used to buy a wide range of over the counter products such as pain relievers, cold and flu medicine, allergy medication, and much more.

4. Some items like vitamins or supplements may not be considered eligible if they are not used to treat a specific medical condition.

Overall, leveraging your HSA for over the counter medication purchases can help you save money on healthcare expenses while taking care of your health and well-being.

Absolutely! You can buy over-the-counter medication with your HSA (Health Savings Account), which makes it a smart choice for managing your healthcare costs. It's essential to understand what qualifies as eligible expenses.