What Can be Paid Through an HSA?

Health Savings Accounts (HSAs) are versatile financial tools that offer a wide range of uses for your healthcare expenses. So, what can be paid through an HSA?

Here are some of the common medical expenses that you can pay for using your HSA funds:

• Doctor visits and specialist consultations
• Prescription medications
• Dental treatments
• Eye exams and glasses or contact lenses
• Diagnostic tests and screenings
• Physical therapy
• Hearing aids and batteries
• Chiropractic care
• Mental health counseling
• Medical equipment such as crutches or wheelchairs

Additionally, HSAs also allow you to pay for some non-medical items if they are related to your health and well-being. These can include:

• Health insurance premiums (in certain cases)
• Long-term care insurance premiums
• Over-the-counter medications (with a prescription)
• Smoking cessation programs
• Transportation expenses to and from medical appointments
• Acupuncture and other alternative therapies

It's important to keep in mind that not all expenses are eligible for payment through an HSA. It's essential to check the IRS guidelines or consult with a financial advisor to ensure that you are using your HSA funds appropriately.

With Health Savings Accounts (HSAs), managing your healthcare costs becomes simpler and more efficient. These accounts can be used not only for a wide array of medical expenses but also to enhance your overall wellness.