What Can You Spend HSA Money on in 2018? A Complete Guide

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Eligible HSA expenses for medical costs

In 2018, Health Savings Accounts (HSAs) offer individuals a great way to save for medical expenses while enjoying tax advantages. It is important to know what you can spend HSA money on to make the most of this beneficial account. Here are some of the eligible expenses:

- Doctor’s Visits and Appointments

Receipts and using HSA for family

- Prescription Medications

- Dental Services (including cleanings, fillings, braces, etc.)

- Vision Care (eye exams, glasses, contact lenses, etc.)

- Over-the-Counter Medications (with a prescription)

- Medical Equipment (such as crutches, wheelchairs, etc.)

- Mental Health Services

- Chiropractic Care

- Acupuncture

Additional qualified expenses list and reminders

Remember that it is always recommended to keep receipts and document expenses for tax purposes. Additionally, funds from the HSA can be used to pay for qualified medical expenses for yourself, your spouse, and your dependents.

In 2018, Health Savings Accounts (HSAs) provide a fantastic opportunity for individuals to save money on medical costs while enjoying excellent tax benefits. Understanding the wide array of eligible expenses can truly maximize the advantages of your HSA. Here are some of the qualified expenses you can utilize HSA funds for:

- Routine Doctor’s Visits and Emergency Appointments

- Essential Prescription Medications to manage ongoing health conditions

- Comprehensive Dental Services including preventive care like cleanings, fillings, braces, and other orthodontic treatments

- Vision Care covering eye exams, corrective lenses, contact lenses, and even some laser eye surgeries

- Over-the-Counter Medications, provided they are prescribed by your healthcare provider

- Durable Medical Equipment such as crutches, wheelchairs, or other assistive devices that enhance mobility

- Mental Health Services like therapy sessions, counseling, and psychiatric treatments

- Holistic Care including Chiropractic adjustments and Acupuncture treatments

Always retain your receipts to validate your expenses, ensuring they align with IRS guidelines. Additionally, it’s important to note that HSA funds can be used for qualified medical expenses for you, your spouse, and your dependents, expanding their utility for family health.