What Can Be Purchased with an HSA? - A Guide to HSA Eligible Expenses

When it comes to Health Savings Accounts (HSAs), many people wonder what expenses can be covered using these funds. HSAs are a valuable tool for managing healthcare costs, allowing individuals to save pre-tax dollars for medical expenses. Here's a guide to what can be purchased with an HSA:

Eligible Expenses:

• Prescription medications
• Doctor's visits
• Hospital stays
• Dental and vision care
• Medical equipment (e.g., crutches, wheelchairs)
• Mental health counseling

Additionally, there are some less common but still eligible expenses that can be paid for with HSA funds:

• Acupuncture
• Long-term care services
• Laser eye surgery

It's important to note that not all medical expenses are eligible for HSA spending. Some expenses that are not covered include:

• Over-the-counter medications (without a prescription)
• Cosmetic procedures
• Health club dues
• Non-prescription eyeglasses or contacts

Before making a purchase with your HSA funds, always check the IRS guidelines to ensure the expense is eligible.

When utilizing a Health Savings Account (HSA), it's beneficial to understand the range of qualified expenses covered. HSAs not only help individuals save pre-tax dollars for medical costs but also empower them to take charge of their healthcare spending. Here’s an overview of what you can purchase using your HSA funds:

Eligible Expenses:

• Prescription medications
• Routine doctor's visits
• Hospital stays and surgeries
• Dental care including cleanings and fillings
• Vision care such as eye exams and contact lenses
• Medical equipment like crutches, wheelchairs, or hearing aids
• Mental health treatments like therapy and counseling

Additionally, there are some unique yet valuable services that you can fund with HSA accounts:

• Acupuncture sessions
• Long-term care facilities or services
• Laser eye surgeries

However, it's crucial to be aware that certain expenses do not qualify for HSA reimbursements. These include:

• Over-the-counter medications without a doctor’s prescription
• Cosmetic surgeries or procedures for aesthetic purposes
• Health club memberships or fitness classes
• Eyewear like non-prescription glasses or sunglasses

Always verify with IRS guidelines before you spend your HSA funds to ensure your expenses are eligible.