What Can I Use My HSA for in 2021?

Wondering what expenses you can cover with your HSA in 2021? Health Savings Accounts (HSAs) are a valuable tool that can help you save money on medical expenses while also providing tax benefits. Here are some ways you can use your HSA this year:

• Doctor's visits
• Prescription medications
• Dental care
• Eye exams and glasses
• Psychological counseling
• Hearing aids
• Acupuncture
• Chiropractic care

Additionally, you can also use your HSA for certain over-the-counter items like bandages, first-aid kits, and pregnancy tests. It's important to keep track of your expenses and ensure they are HSA-eligible to avoid any penalties.

If you’re not sure what you can use your HSA for in 2021, you're not alone! Many individuals are discovering that Health Savings Accounts (HSAs) can be more than just a savings tool for health care. You can use your HSA for a wide range of medical expenses, including:

• Regular check-ups with your doctor
• Medications prescribed by your healthcare provider
• Essential dental treatments, such as cleanings and fillings
• Vision care, including annual eye exams and prescription glasses
• Mental health services, including therapy and psychological counseling
• Assistive devices like hearing aids
• Alternative treatments such as acupuncture
• Chiropractic adjustments for back pain relief

Moreover, don’t forget about over-the-counter health products! You can also purchase items like bandages, thermometers, first-aid kits, and even pregnancy tests with your HSA funds. Just remember to save your receipts and confirm that your expenses are HSA-eligible!