What Can I Use My HSA Card For? Essential Guide to HSA Expenses

If you have a Health Savings Account (HSA) card, you may wonder what expenses you can use it for. Your HSA card is a powerful tool that allows you to pay for a variety of medical expenses, both expected and unexpected. Here are some common expenses you can use your HSA card for:

• Doctor's visits, including specialists and primary care physicians.
• Prescription medications, both generic and brand-name drugs.
• Dental care, such as cleanings, fillings, braces, and oral surgeries.
• Eye care, including exams, glasses, contact lenses, and corrective surgery like LASIK.
• Mental health services, such as therapy and counseling.
• Medical equipment, like crutches, wheelchairs, and hearing aids.
• Over-the-counter medications and supplies, if prescribed by a doctor.

Wondering how you can make the most out of your HSA card? Your Health Savings Account is not just a savings tool; it's a versatile option for managing your healthcare costs tax-free. Here's what you should know about using your HSA funds:

1. **Qualified Medical Expenses:** These include a wide range of healthcare costs such as:

• Office visits and co-payments
• Prescription medications, from common antibiotics to chronic disease medications
• Dental services like regular cleanings, fillings, and even dentures
• Eye care expenses, including routine exams, prescription glasses, and contact lenses
• Mental health treatment, such as counseling sessions and therapy
• Necessary medical equipment, which encompasses items like hearing aids and orthopedic devices

2. **Over-the-Counter (OTC) Medications:** Did you know that you can now use your HSA funds for OTC medications without needing a doctor’s prescription? This means you can buy everyday remedies like pain relievers and cold medications hassle-free!

3. **Preventive Care:** Services aimed at prevention, such as vaccinations, cancer screenings, and annual physicals, are included in qualified expenses, helping you stay healthy and avoid larger medical bills down the line.

4. **Alternative Health Treatments:** Some people benefit from alternative therapies. Services like acupuncture, chiropractic care, and even certain types of massage therapy may also be reimbursable through your HSA.

5. **Long-Term Care Services:** If you or a loved one needs assistance due to age or disability, long-term care services, including nursing facilities and caregiving services, may qualify under specific conditions. It’s essential to check eligibility based on your circumstance.

Remember, keeping detailed records and receipts for all your HSA transactions not only helps in tracking your spending but is crucial during tax season!