What Can I Buy with a Health Savings Account (HSA)?

When it comes to managing your healthcare expenses, a Health Savings Account (HSA) can be a valuable tool. An HSA allows you to save pre-tax dollars for medical expenses, but what can you actually purchase with this account?

Here are some common items and services you can buy with an HSA:

• Prescription medications
• Doctor's visits and medical appointments
• Dental care, including cleanings, fillings, and orthodontics
• Vision care, such as eye exams, glasses, and contact lenses
• Over-the-counter medications like pain relievers, first aid supplies, and cold medicines
• Medical equipment like blood pressure monitors, crutches, and wheelchairs
• Mental health services, including therapy and counseling
• Alternative treatments like acupuncture and chiropractic care

It's important to note that not all expenses may be eligible for purchase with an HSA, so it's best to check with your HSA provider or refer to the IRS guidelines for a comprehensive list of qualified medical expenses.

When managing healthcare costs, a Health Savings Account (HSA) serves as a robust resource. This account lets you allocate pre-tax income towards medical expenses, which helps ease the financial burden of healthcare. So, what are some items and services you can purchase using your HSA?

Here’s a breakdown of common expenses that are eligible:

• Prescription medications
• Routine medical check-ups or doctor's visits
• Dental treatments, including cleanings, fillings, braces, and other orthodontic work
• Vision-related services like eye exams, corrective lenses, and contact lenses
• A variety of over-the-counter medications such as pain relief drugs, cold treatments, and first-aid necessities
• Medical supplies and equipment like thermometers, crutches, and wheelchairs
• Counseling and therapy services to support mental well-being
• Alternative health treatments, including acupuncture and chiropractic adjustments

Always remember to check the specifics of what your HSA covers by consulting your HSA provider or reviewing IRS publications on eligible medical expenses.