HSA Guide
How Can You Use an HSA Account?
Published July 9, 2023
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Get the appShort answer: Yes—HSAs can be used to pay for qualified medical expenses and also serve as a savings vehicle for future healthcare costs.
Using HSA funds for qualified care
Health Savings Account (HSA) is a valuable tool that can help you manage your healthcare expenses more effectively. Here are some ways you can use your HSA account:
- Medical Expenses: You can use your HSA funds to pay for qualified medical expenses not covered by your insurance, such as deductibles, copayments, and prescriptions.
- Preventive Care: HSA funds can be used to cover the costs of preventive care services like annual check-ups, vaccinations, and screenings.
- Dental and Vision Costs: You can also use your HSA account to pay for dental and vision expenses, including exams, glasses, and braces.
- Alternative Treatments: Some alternative treatments like acupuncture or chiropractic care may also be eligible for HSA reimbursement.
- Over-the-Counter Products: Certain over-the-counter products like bandages, contact lens solution, and first aid kits can be purchased using your HSA funds.
Health Savings Accounts (HSAs) are versatile financial tools that empower you to take control of your healthcare spending. Did you know that in addition to paying for qualified medical expenses, HSAs can also serve as a savings vehicle for your future healthcare costs?