What Can I Buy with My HSA UnitedHealthcare?

If you have a Health Savings Account (HSA) through UnitedHealthcare, you may be wondering what you can purchase using your HSA funds. An HSA is a tax-advantaged savings account that allows you to set aside money for qualified medical expenses. Here are some of the items you can buy with your HSA:

• Prescription medications
• Over-the-counter medications
• Medical supplies like bandages, crutches, and hearing aids
• Co-pays and deductibles
• Dental treatments and services
• Eye care expenses including glasses, contact lenses, and eye surgery
• Chiropractic visits

Remember, it's important to keep receipts for all purchases made using your HSA funds in case you need to provide documentation for tax or auditing purposes. Some expenses may also require a prescription or a Letter of Medical Necessity from your healthcare provider.

By using your HSA funds for eligible healthcare expenses, you can save money on out-of-pocket costs and make the most of your healthcare benefits. If you have any questions about what items are eligible for purchase with your HSA, you can refer to the list of qualified medical expenses provided by the IRS or consult with a healthcare benefits specialist at UnitedHealthcare.

Did you know that your Health Savings Account (HSA) with UnitedHealthcare can help you cover a wide variety of healthcare costs? Not only can you purchase prescription medications, but over-the-counter remedies can also be covered without the need for a prescription following recent IRS rule changes. Here’s a list of items you might not have thought about using your HSA for:

• Prescription medications
• Over-the-counter medications
• Medical supplies like bandages, crutches, and hearing aids
• Co-pays and deductibles
• Dental treatments and services
• Eye care expenses including glasses, contact lenses, and eye surgery
• Chiropractic visits
• Therapy sessions, including mental health treatments, when prescribed
• Qualified long-term care expenses
• Smoking cessation programs and treatments

Keeping track of receipts is crucial for any HSA purchases, as you might need them for tax documentation or if required during an audit. Certain items may also necessitate a prescription or a Letter of Medical Necessity from your healthcare provider.

By leveraging your HSA funds for these eligible medical expenses, you’re not just saving money but also maximizing your healthcare benefits. For any questions about your HSA expenditures, the IRS provides a list of qualified medical expenses, or you can always reach out to a UnitedHealthcare benefits specialist for guidance.