What Can I Use HSA for 2017? A Comprehensive Guide to Health Savings Account

If you have a Health Savings Account (HSA) and are wondering what you can use it for in 2017, you've come to the right place. HSAs are a valuable tool that can help you save money on healthcare expenses while providing tax benefits. Here are some of the ways you can use your HSA:

• Medical Expenses: This includes a wide range of healthcare costs such as doctor visits, prescriptions, dental care, vision care, and more.
• Over-the-Counter (OTC) Medications: You can use your HSA funds to purchase OTC medications as long as they are prescribed by a healthcare provider.
• Medical Supplies: HSA funds can be used to pay for medical supplies such as bandages, crutches, and other items needed for medical treatment.
• Health Insurance Premiums: In some cases, you may be able to use your HSA to pay for health insurance premiums, including COBRA coverage.
• Long-Term Care: HSA funds can also be used to pay for long-term care services for yourself, your spouse, or dependents.

It's important to keep in mind that eligible expenses can vary, so it's always a good idea to check with your plan administrator or refer to IRS guidelines for the most up-to-date information. By using your HSA wisely, you can make the most of this valuable financial tool and save money on healthcare expenses.

Your Health Savings Account (HSA) is a powerful tool for managing healthcare expenses. In 2017, there are many ways to make the most of the funds available to you. In addition to covering typical medical expenses like doctor visits and prescriptions, you might also want to explore using your HSA for preventive care services that can keep you healthy.