What Can I Buy With HSA Card? Everything You Need to Know

If you have a Health Savings Account (HSA) card, you may be wondering what you can purchase with it. An HSA card is a valuable tool that allows you to pay for a wide range of healthcare expenses with pre-tax dollars. Here's everything you need to know about what you can buy with your HSA card.

What is an HSA Card?

An HSA card is a debit card linked to your Health Savings Account. It is used to cover qualified medical expenses for you, your spouse, and any dependents you claim on your taxes.

What Can You Buy With an HSA Card?

With an HSA card, you can purchase a variety of healthcare-related items and services, including:

• Prescription medications
• Doctor's visits and medical services
• Dental and vision care
• Over-the-counter medications with a prescription
• Medical equipment like crutches or wheelchairs
• Mental health counseling
• Physical therapy
• Chiropractic care

What Can't You Buy With an HSA Card?

There are some restrictions on what you can use your HSA card for. You cannot use it to purchase items like:

• Cosmetic procedures
• Gym memberships
• Non-prescription medications (without a prescription)
• Non-medical services or products

It's important to keep track of your HSA expenses and ensure that you are only using your card for qualified medical expenses to avoid any tax penalties.

Summary

Your HSA card is a valuable tool that allows you to pay for a wide range of healthcare expenses with pre-tax dollars. Knowing what you can and can't buy with your HSA card will help you make the most of this benefit and stay on top of your healthcare spending.

Using your HSA card can help you save a significant amount on healthcare costs by allowing you to pay for medical expenses with pre-tax dollars, making it an essential financial tool for managing your health-related spending.