Can You Buy Tires with Your HSA Account?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses, but did you know that they can be used for more than just doctor visits and prescriptions? Many people wonder if they can buy tires with their HSA account, and the answer is yes!

While tires may not be a traditional medical expense, they are considered a qualified expense under the IRS guidelines as long as they are prescribed by a healthcare professional to alleviate a specific medical condition. For example, if your doctor recommends special tires for your wheelchair due to a medical condition, you can use your HSA funds to purchase them.

However, it's essential to keep detailed records and documentation in case of an audit to prove that the tires were medically necessary. Make sure to consult with your healthcare provider and HSA administrator before making such a purchase to ensure compliance with the regulations.

Health Savings Accounts (HSAs) offer an incredible way to save for medical expenses, but did you know that their use can extend beyond the typical doctor visits and prescriptions? A common question is whether tires can be purchased using your HSA account. Interestingly, the answer can indeed be affirmative!

Even though tires aren't typically classified as a conventional medical expense, they can qualify under the IRS guidelines when prescribed by a healthcare practitioner for a specific medical necessity. For instance, if a healthcare provider suggests specialized tires for your mobility device stemming from a medical condition, utilizing your HSA funds to buy them is permissible.

Of course, it's crucial to maintain thorough documentation and records for accountability, especially in case of an audit to validate the medical necessity of the tire purchase. Always check with your healthcare provider and HSA administrator to ensure you're within the legal boundaries of this financial provision.