What Can Be Bought with an HSA Card? Exploring Eligible Expenses

If you have a Health Savings Account (HSA), you may be wondering what you can purchase using your HSA card. Understanding the eligible expenses can help you make the most of your account and save on out-of-pocket healthcare costs.

Here are some common items and services that you can buy with your HSA card:

• Prescription medications
• Doctor's office visits
• Dental care, including cleanings, fillings, and braces
• Eye exams, glasses, and contact lenses
• Medical equipment, such as crutches or blood pressure monitors
• Mental health counseling
• Acupuncture and chiropractic care
• Smoking cessation programs
• Over-the-counter medications with a prescription

It's important to note that not all expenses are eligible for HSA reimbursement. Here are some items that are typically not covered:

• Elective cosmetic procedures
• Gym memberships
• Weight loss programs, unless to treat a specific medical condition
• Most over-the-counter medications without a prescription
• Health and wellness products for general well-being

Before making a purchase with your HSA card, it's a good idea to check the IRS guidelines or consult with your HSA provider to ensure the expense is eligible.

Did you know that your Health Savings Account (HSA) can be a lifesaver when it comes to managing healthcare expenses? With an HSA card, you can cover a variety of eligible costs that help keep you and your family healthy.

Here’s a more extensive list of what you can purchase using your HSA card:

• Prescription medications that your doctor orders for specific health conditions
• Routine doctor's office visits, ensuring you stay on top of your health
• Dental care services that include routine cleanings, fillings, and even orthodontics like braces
• Eye examinations, as well as glasses or contact lenses to keep your vision sharp
• Medical equipment such as crutches, blood pressure monitors, and even insulin pumps for diabetes management
• Mental health services including counseling and therapy, which are essential for overall well-being
• Traditional therapies like acupuncture and chiropractic sessions that focus on holistic health
• Programs designed to help you quit smoking, which can significantly save on future health expenses
• Over-the-counter medications, but only if you have a prescription from your healthcare provider

However, it’s crucial to remember that not every healthcare-related expense is covered by your HSA. For instance:

• Elective cosmetic surgeries aren't eligible, as they're not necessary for medical reasons
• Gym memberships are generally excluded, even though staying fit is important
• Weight loss programs are also typically not covered unless they are prescribed for a diagnosed health condition
• Most over-the-counter medications without a prescription won't qualify for reimbursement
• Health products for wellness that aren’t aimed at treating medical conditions are also ineligible

Before you pull out your HSA card, be sure to double-check against IRS guidelines or consult with your HSA administrator to ensure the expenses you're planning to cover are indeed eligible.