What Can I Spend My HSA on in 2017 Anthem BCBS NJ?

If you have an HSA (Health Savings Account) with Anthem Blue Cross Blue Shield in New Jersey, you may be wondering what expenses qualify for HSA funds. HSAs are a valuable tool to help manage healthcare costs but it's important to understand what you can and can't spend your HSA funds on. Here's a guide to help you navigate your HSA spending:

Qualifying Expenses:

• Doctor's Visits and Copayments
• Prescription Medications
• Dental and Vision Care
• Medical Equipment like crutches, braces, and blood pressure monitors
• Mental Health Services
• Chiropractic Care

Non-Qualifying Expenses:

• Over-the-counter medications without a prescription
• Cosmetic Procedures
• Gym Memberships
• Non-prescription Supplements

Remember that when using your HSA funds, it's essential to keep records and receipts to prove that your expenses are HSA-eligible. Always refer to the most recent IRS guidelines and regulations to ensure you are spending your HSA funds appropriately.

If you have an HSA (Health Savings Account) with Anthem Blue Cross Blue Shield in New Jersey, it's crucial to know what expenses you can cover with your funds. Understanding eligible expenses will empower you to make informed decisions and minimize out-of-pocket costs. Here’s a detailed guide to assist you with your HSA spending in 2017:

Qualifying Expenses Include:

• Regular doctor visits, including copayments
• Prescription medications prescribed by a healthcare professional
• Dental and vision care expenses like glasses, contact lenses, and cleanings
• Medical equipment such as crutches, braces, and blood pressure monitors
• Mental health services including counseling and therapy sessions
• Chiropractic care to promote physical health and mobility

Keep in Mind Non-Qualifying Expenses:

• Over-the-counter medications that do not have a prescription
• Cosmetic procedures not deemed medically necessary
• Gym memberships and fitness classes
• Non-prescription dietary supplements

Always remember to keep detailed records and receipts of your HSA transactions. Refer to the IRS guidelines regularly to ensure you are using your HSA funds correctly and efficiently.