Can You Use HSA for Fitness Tracker? All You Need to Know

Many people wonder if they can use their HSA for a fitness tracker. Health Savings Accounts (HSAs) are a great way to save for medical expenses, but what about wellness-related purchases?

Here's what you need to know:

• You can use your HSA funds to purchase a fitness tracker if it is prescribed by a healthcare provider to treat or prevent a specific medical condition.
• However, if the fitness tracker is solely for general fitness and not prescribed by a doctor, it may not be considered an eligible expense.
• It's always a good idea to check with your HSA provider or refer to the IRS guidelines to ensure that your purchase qualifies as an eligible expense.

Are you considering investing in a fitness tracker with your HSA funds? It's a common question! When utilized correctly, a Health Savings Account (HSA) can help you manage your healthcare costs and even promote wellness, provided you understand the rules.