What Can I Pay with HSA Funds? | Your Health Savings Account Guide

If you have a Health Savings Account (HSA), you may wonder what expenses you can pay for using your HSA funds. An HSA is a tax-advantaged savings account that allows you to set aside money for medical expenses. Here's a breakdown of what you can pay with HSA funds:

Expenses Covered by HSA Funds:

• Doctor visits and copayments
• Prescription medications
• Medical procedures and surgeries
• Dental care, including cleanings, fillings, and braces
• Vision care, such as eye exams, glasses, and contact lenses
• Mental health services, including therapy and counseling
• Chiropractic care
• Acupuncture
• Smoking cessation programs
• And more!

It's essential to keep track of your eligible expenses and save your receipts as you may need to provide them in case of an audit. Remember, using your HSA funds for non-qualified expenses could result in penalties and taxes.

If you have a Health Savings Account (HSA), you might be curious about the various medical expenses you can cover using your HSA funds. This tax-advantaged savings vehicle is designed to help you set aside money for eligible healthcare costs. Here’s a closer look at the types of expenses you can use your HSA funds for:

Expenses Covered by HSA Funds:

• General doctor visits, along with copayments
• Prescription medications, ensuring you stay healthy
• Medical procedures and surgeries deemed necessary
• Dental care services, from routine cleanings to more complex procedures like braces
• Vision-related expenses, including eye exams and corrective lenses
• Services for mental health, such as therapy sessions or counseling services
• Chiropractic treatments aimed at physical health
• Alternative therapies such as acupuncture for wellness
• Programs designed to help you quit smoking
• And numerous other qualified expenses!

It's important to maintain organized records of your eligible expenses and keep all receipts. In the event of an audit, having this documentation readily available is crucial. Also, be cautious: spending HSA funds on non-qualified expenses may lead to penalties and tax implications.