What Can I Buy with My HSA Bank Card?

If you have a Health Savings Account (HSA) and you're wondering what you can buy with your HSA bank card, you're in the right place. As an HSA account holder, you have the flexibility to use your HSA funds to pay for a variety of qualified medical expenses.

Here are some common eligible expenses you can purchase with your HSA bank card:

• Prescription medications
• Doctor's office visits
• Dental care, including cleanings, fillings, and braces
• Eye care, including exams, glasses, and contact lenses
• Therapy and counseling services
• Medical equipment such as crutches, wheelchairs, and blood pressure monitors
• Over-the-counter medications with a prescription
• Menstrual care products

Additionally, there are some less common but eligible expenses that you can also use your HSA funds for:

• Acupuncture
• Lactation consultant services
• Nursing home expenses for medical reasons
• Weight loss programs for a specific disease diagnosed by a physician
• Smoking cessation programs

It's important to note that not all medical expenses are eligible for HSA reimbursement. Here are some items that are generally not eligible:

• Cosmetic procedures
• OTC medications without a prescription
• Health club dues
• Vitamins and supplements for general health
• Non-prescription eyewear and sunglasses

Make sure to keep track of your receipts and documentation for all HSA purchases in case of an audit. Using your HSA funds for qualified medical expenses not only helps you save on taxes but also promotes better financial wellness and healthcare planning.

Your Health Savings Account (HSA) is a fantastic way to take charge of your healthcare spending, and knowing what you can buy with your HSA bank card can help you maximize its benefits. Common qualified expenses include doctor's visits, prescription medications, and preventative care services.