Is Sunscreen a HSA Eligible Expense? – Everything You Need to Know

When it comes to managing your health savings account (HSA), it's important to know what expenses are considered eligible. One common question that many people have is whether sunscreen is a HSA-eligible expense. The short answer is that yes, sunscreen can be considered an eligible expense under certain conditions.

Here's what you need to know:

• Sunscreen is eligible if it has a sun protection factor (SPF) of 15 or higher.
• It must be used to prevent sunburn and protect against skin cancer.
• Cosmetic sunscreens that are used for tanning or just moisturizing are not considered eligible.

It's always a good idea to keep your receipts and documentation in case you are ever asked to provide proof of your HSA expenses.

Remember, a key benefit of using your HSA for eligible expenses is that the money you spend is tax-free, allowing you to save on healthcare costs.

Don't forget to consult with your tax advisor or financial planner for personalized guidance on managing your HSA and eligible expenses.

It's essential to understand the nuances of what constitutes a HSA-eligible expense. Sunscreen is indeed eligible, provided it has an SPF of 15 or higher and is specifically intended to shield your skin from harmful UV rays.