What Can I Buy at the Store with HSA Money?

Health Savings Accounts (HSAs) are a great way to save and pay for qualified medical expenses tax-free. But what exactly can you purchase at the store with your HSA money? Let's dive into some commonly allowed items:

1. Over-the-Counter (OTC) Medications: You can buy a variety of OTC medications without a prescription, such as pain relievers, allergy medications, and first aid supplies.

2. Medical Supplies: Items like bandages, contact lens solution, and blood pressure monitors are usually eligible for purchase with HSA funds.

3. Personal Care Products: Some personal care products that are deemed necessary for medical care, like acne treatments or denture adhesives, may also be covered.

4. Prescription Medications: Any prescription medications prescribed by a healthcare provider can be paid for using your HSA card.

5. Medical Equipment: Certain medical equipment, including crutches, wheelchairs, and blood sugar test kits, are typically eligible expenses.

Remember, it's always important to keep your receipts in case you need to provide proof of purchase for HSA-eligible items.

Health Savings Accounts (HSAs) are not just a savings tool; they're a smart way to manage and pay for your medical expenses, all while getting a tax advantage. So what can you purchase at the store with your HSA money? Let's explore some eligible items in detail:

1. Over-the-Counter (OTC) Medications: With the recent changes to HSA rules, you can now buy a wide range of OTC medications without needing a prescription. From pain relievers like ibuprofen to allergy medications and first aid supplies, HSA funds can cover these essential items.

2. Medical Supplies: Everyday medical supplies, including bandages, contact lens solutions, and blood pressure monitors, can typically be purchased using your HSA card, helping you stay prepared for any health needs.

3. Personal Care Products: Don't overlook personal care items! Some necessary products, such as acne treatments and even denture adhesives, are eligible for HSA spending, making it easier to manage your health and hygiene.

4. Prescription Medications: Any prescription medications that your healthcare provider orders can easily be covered by your HSA funds, offering a seamless way to manage costs associated with your treatment.

5. Medical Equipment: Need crutches for recovery or a blood sugar test kit? Many types of medical equipment can also be eligible for HSA transactions, providing you with the tools you need to monitor your health effectively.

Don't forget to retain your receipts! Keeping proof of purchase for HSA-eligible items ensures that you're prepared if you need to verify your expenses later.