What Can HSA Funds Be Used for Before Age 65?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs, especially before reaching the age of 65. HSA funds can be used for a variety of qualified medical expenses, providing flexibility and tax advantages. Before age 65, HSA funds can be used for:

• Doctor visits and copayments
• Prescription medications
• Dental care, including cleanings, fillings, and braces
• Eye exams, glasses, and contact lenses
• Physical therapy
• Mental health services
• Medical equipment such as crutches or wheelchairs
• Transportation costs to and from medical appointments

These are just a few examples of the many ways you can use your HSA funds to cover healthcare expenses before turning 65. It's important to keep receipts and documentation to ensure that expenses are qualified and eligible for HSA reimbursement.

Health Savings Accounts (HSAs) are a powerful financial tool that can significantly ease your healthcare expenses, especially if you are under 65. With HSA funds at your disposal, you can effectively manage a variety of qualified medical expenses. Remember, these funds can be tapped into for:

• Routine doctor visits, alongside necessary copayments
• Prescription medications, which can often be a significant part of your healthcare costs
• Essential dental care services, including cleanings, fillings, and even orthodontics like braces
• Eye care, allowing you to cover costs for eye exams, glasses, and contact lenses
• Rehabilitation through physical therapy sessions
• Mental health services, ensuring you have access to therapy or counseling
• Medical equipment purchases, such as crutches, wheelchairs, or bandages
• Transportation expenses linked to medical appointments, which can be a hidden cost of healthcare

It's crucial to maintain accurate receipts and documentation to validate that your expenses qualify for HSA reimbursements, ensuring you fully leverage the benefits these accounts offer.