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What Can I Buy with an HSA Account? - Exploring Eligible Expenses

Published May 27, 2024

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Short answer: You can use an HSA to pay for many IRS-eligible healthcare expenses, including prescription medications, doctor’s visits, dental and vision care, medical equipment and supplies, chiropractic care, acupuncture, and mental health services.

What HSAs let you purchase

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax advantages. But what can you actually buy with an HSA account?

HSAs allow you to pay for a wide range of healthcare-related expenses, both now and in the future. Here are some eligible expenses you can use your HSA funds for:

  • Prescription medications
  • Doctor's visits
  • Dental care
  • Vision care, including glasses and contact lenses
  • Medical equipment and supplies
  • Chiropractic care
  • Acupuncture
  • Mental health services

Guidelines, flexibility, and take charge

These are just a few examples of what you can purchase with your HSA funds. It's important to note that the IRS has specific guidelines on eligible expenses, so it's always a good idea to check before making a purchase.

HSAs offer flexibility and control over your healthcare spending, allowing you to save for both current and future medical needs.

These examples highlight just some of the many opportunities you have to utilize your HSA funds effectively. Make sure to familiarize yourself with IRS guidelines regarding eligible expenses so you can make informed purchases.

With an HSA, you gain not just flexibility and control over your healthcare spending but also the ability to save for both immediate and future medical needs.

More examples of eligible healthcare

Health Savings Accounts (HSAs) are not just a financial tool; they empower you to take charge of your healthcare expenses while enjoying remarkable tax benefits. But have you ever wondered what you can actually purchase using your HSA account?

From everyday healthcare expenses to long-term medical needs, HSAs cover a plethora of eligible expenses. Here’s a list of some items you can purchase with your HSA funds:

  • Prescription medications, whether it's for chronic conditions or short-term illnesses
  • Regular doctor's visits for check-ups or specialist consultations
  • Dental care, including cleanings, fillings, and braces
  • Eye care services, covering everything from routine exams to glasses and contact lenses
  • Medical equipment and supplies, like crutches, bandages, and thermometers
  • Chiropractic care for spinal health and overall well-being
  • Alternative treatments like acupuncture to relieve pain and promote wellness
  • Therapeutic services such as counseling and therapy for mental health

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