Can You Spend HSA Money on Glasses?

One common question that people often have about Health Savings Accounts (HSAs) is whether they can use HSA funds to purchase glasses. The short answer is yes, you can use your HSA money to buy glasses, as long as they are prescription glasses. This is because the IRS recognizes prescription eyewear as an eligible expense under HSA guidelines.

Here are some key points to keep in mind when considering using your HSA for glasses:

• Prescription glasses are considered a qualified medical expense under HSA rules.
• You can use your HSA funds to pay for prescription eyeglasses, contact lenses, and even prescription sunglasses.
• Over-the-counter reading glasses, however, are typically not eligible for HSA reimbursement unless they are prescribed by a doctor.
• It's important to save your receipts for any eyewear purchases made with your HSA funds in case you need to provide documentation for tax purposes.

Remember that the primary purpose of an HSA is to help you save and pay for eligible medical expenses, including vision care. By using your HSA funds for glasses, you can take advantage of the tax benefits while investing in your eye health.

One of the great advantages of having a Health Savings Account (HSA) is the ability to use those funds for essential health items, such as glasses. Understanding what qualifies as a medical expense can help you make the most of your HSA and invest in your long-term vision health.