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What Can I Spend HSA on in 2018? Understanding the Eligible Expenses

Published May 31, 2024

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Short answer: In 2018, HSA funds can be spent on qualified medical expenses such as doctor visits, prescriptions, dental care, vision care, some OTC products with a prescription, and chiropractic care and acupuncture; cosmetic procedures and non-medically necessary supplements typically do not qualify.

2018 eligible HSA medical expenses list

If you're wondering what you can spend your HSA funds on in 2018, you've come to the right place. Health Savings Accounts (HSAs) are a tax-advantaged way to save and pay for qualified medical expenses. Here's a breakdown of what expenses you can use your HSA for in 2018:

  • Doctor's visits and medical consultations
  • Prescription medications
  • Dental care, including cleanings, fillings, and braces
  • Eye exams, glasses, and contact lenses
  • Some over-the-counter healthcare products with a prescription
  • Chiropractic care and acupuncture

What isn’t eligible for HSA spending

It's important to note that not all medical expenses are eligible for HSA spending. For example, cosmetic procedures and vitamins/supplements for general health may not qualify. Be sure to check the IRS guidelines or consult with your HSA administrator for a comprehensive list of eligible expenses.

Curious about how to utilize your HSA funds effectively? In 2018, Health Savings Accounts (HSAs) continue to offer a tax-savvy way to tackle your medical expenses. From doctor's visits to preventive care, here's a list of eligible expenditures you may want to consider:

  • Regular check-ups and consultations with healthcare providers
  • Prescription medications required for your ongoing treatments
  • Dental work, such as cleanings, fillings, and necessary orthodontics including braces
  • Vision care expenses, which cover eye exams, contact lenses, and prescription glasses
  • Some over-the-counter products may be eligible if you have a prescription from a doctor
  • Holistic treatments like chiropractic care and acupuncture sessions

Remember, not all health-related expenses qualify. For instance, cosmetic surgery or dietary supplements that aren’t deemed medically necessary typically do not qualify. Always refer to IRS guidelines or reach out to your HSA administrator to ensure you’re maximizing your benefits.

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