What Can I Use HSA to Pay For? Everything You Need to Know

When it comes to your Health Savings Account (HSA), understanding what expenses you can use it for is essential. An HSA is a powerful financial tool that allows you to save money on healthcare expenses by using pre-tax dollars. So, what can you use HSA to pay for?

Here are some common expenses that you can pay for using your HSA:

• Doctor visits and copayments
• Prescription medications
• Dental and vision care
• Medical equipment such as crutches or wheelchairs
• Mental health services
• Chiropractic care
• Laboratory fees
• And more!

It's important to note that not all expenses are eligible for HSA reimbursement. Here are some expenses that are not typically covered by an HSA:

• Over-the-counter medications without a prescription
• Cosmetic procedures
• Health club dues
• Non-prescription supplements
• And other non-qualified medical expenses

Remember to keep receipts and documentation for all HSA expenses in case of an audit. Using your HSA wisely can help you save money on healthcare costs and secure your financial future.

Your Health Savings Account (HSA) is not just a savings tool; it’s potentially a treasure chest for your healthcare expenses. Apart from the common uses like doctor visits and prescription medications, HSAs can also help cover costs for things like physical therapy, urgent care visits, and even your COVID-19 testing. Keeping track of these expenses allows you to save significantly over time!