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What Can Get Paid with an HSA? Exploring Eligible Expenses

Published May 26, 2024

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Many individuals are turning to Health Savings Accounts (HSAs) to help them save and pay for qualified medical expenses with tax-free funds. But what exactly can you pay for with an HSA? Let's explore the eligible expenses that can be covered using your HSA funds.

Eligible Expenses:

  • Doctor visits and copays
  • Prescription medications
  • Dental care, including cleanings, fillings, and braces
  • Vision care, such as eye exams, glasses, and contact lenses
  • Mental health services
  • Chiropractic care

These are just a few examples of the many expenses that can be paid for using your HSA funds. It's important to note that not all medical expenses are eligible, so it's always a good idea to check the IRS guidelines or consult with a financial advisor to ensure you are following the rules.

Health Savings Accounts (HSAs) are becoming an increasingly popular way for individuals to save tax-free funds for qualified medical expenses. So, what expenses can you actually cover with your HSA? Let's dive into the eligible expenses and see how you can make the most out of your HSA funds.

Eligible Expenses:

  • Routine doctor visits and associated copays
  • Prescription medications that might be needed during illnesses
  • Dental care services, including preventative cleanings, fillings, and the cost of braces and retainers for orthodontics
  • Vision care expenses, such as eye exams, prescription glasses, and contact lenses
  • Therapeutic services like mental health counseling and psychotherapy sessions
  • Chiropractic care for spinal adjustments and related treatments

While these are some common expenses you can pay for with your HSA, keep in mind that not every medical expense qualifies. It's wise to refer to IRS guidelines or consult a financial advisor to ensure that you're using your HSA funds correctly and efficiently.

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