What Can I Spend HSA On in 2018? - Easy Guide to HSA Eligible Expenses

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Eligible HSA expenses for 2018

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. If you're wondering what you can spend your HSA funds on in 2018, you've come to the right place!

Here are some of the eligible expenses you can use your HSA funds for:

• Doctor visits and co-pays
• Prescription medications
• Dental care (including braces, cleanings, extractions, etc.)
• Eye exams, glasses, and contact lenses
• Hearing aids
• Mental health counseling

Ineligible expenses and common exclusions

It's important to note that not all medical expenses are eligible for HSA spending. Here are some expenses that are not covered:

• Cosmetic procedures
• Over-the-counter medications (without a prescription)
• Health club memberships
• Non-prescription supplements

Eligible and ineligible lists recap

Remember, using your HSA funds for non-eligible expenses can result in tax penalties. Always check with your HSA provider or refer to the IRS guidelines for a comprehensive list of eligible expenses.

Health Savings Accounts (HSAs) provide a fantastic opportunity to save money on medical expenses while enjoying significant tax advantages. Wondering what you can spend your HSA funds on in 2018? Look no further! Below, we outline both eligible and ineligible expenses to help you maximize your HSA benefits.

You can use HSA funds for essential medical expenses including:

• Routine doctor visits and associated co-pays
• Prescription medications necessary for ongoing treatments
• Dental services, from cleanings to procedures like braces
• Vision-related expenses such as eye exams, glasses, and contact lenses
• Needed hearing aids for better auditory health
• Mental health services, including therapy and counseling sessions

However, it's important to be aware of expenses that cannot be covered by your HSA:

• Cosmetic surgeries that are not medically necessary
• Over-the-counter medications that lack a valid prescription
• Membership fees for gyms and fitness centers
• Non-prescription wellness supplements

Be cautious when using HSA funds for ineligible expenses, as this can lead to unwanted tax penalties. For your peace of mind, always verify expenses with your HSA provider or consult the IRS guidelines for a complete list.