What Can I Use My HSA on at HSA Bank? - A Guide to Your Health Savings Account

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Using HSA funds for qualified expenses

If you have a Health Savings Account (HSA) with HSA Bank, you can use it to cover a wide range of medical expenses. HSA funds can be used for qualified medical expenses for you, your spouse, and any dependents you claim on your tax return. It's essential to understand what you can use your HSA on to make the most of this tax-advantaged savings account.

When you open a Health Savings Account (HSA) with HSA Bank, you unlock the ability to cover a wide array of medical costs. It's pivotal to know which expenses qualify so you can utilize your savings effectively. Qualified medical expenses can be used for you, your spouse, and dependents you claim on your tax return. Below is a comprehensive list of eligible expenses:

Eligible medical expense categories listed

Here are some of the eligible expenses you can use your HSA on at HSA Bank:

• Doctor's visits
• Prescription medications
• Dental care
• Eye exams and glasses
• Hearing aids
• Mental health services
• Physical therapy
• Chiropractic care
• Acupuncture
• Medical equipment like crutches or wheelchairs

• Routine doctor's appointments
• Medication prescribed by your doctor
• Dental treatments, including cleanings and fillings
• Comprehensive eye exams and corrective lenses
• Hearing aids and related accessories
• Counseling and therapy sessions
• Physical rehabilitation services
• Chiropractic treatments for pain management
• Acupuncture sessions for various conditions
• Durable medical equipment such as walkers or oxygen tanks

Tracking expenses and keeping receipts

It's important to keep track of your expenses and save your receipts in case you need to verify that the money was used for qualified medical purposes. HSA Bank may offer tools to help you manage and track your expenses to ensure compliance with IRS regulations.

Don't forget to track your health expenses meticulously and keep your receipts, as they're essential for validating the use of your HSA funds for qualified expenses later. HSA Bank provides helpful tools to make expense management easier, ensuring alignment with IRS guidelines.