What Can I Use My HSA to Purchase?

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses. One common question that arises is, "What can I use my HSA to purchase?" The good news is that HSAs offer flexibility and convenience when it comes to spending on eligible healthcare expenses.

Here are some of the key items that you can use your HSA funds to purchase:

• Prescription medications
• Doctor's office visits
• Dental care
• Vision care, including glasses and contacts
• Chiropractic services
• Mental health services
• Medical equipment such as crutches or wheelchairs

It's important to note that not all healthcare expenses are eligible for HSA funds. Some items that are not typically covered include cosmetic procedures, over-the-counter medications without a prescription, and general health items like gym memberships.

When in doubt about whether a purchase is eligible, it's best to check with your HSA provider or refer to the IRS guidelines on qualified medical expenses.

Health Savings Accounts (HSAs) not only help you save money on your healthcare expenses, but they also empower you to have greater control over your health decisions. So, what can you really use those HSA funds for? The flexibility of HSAs means you can use it for a wide variety of eligible healthcare expenses.

Some of the essentials include:

• Prescription medications
• Doctor's office visits
• Preventive services like annual check-ups
• Dental care, which covers routine cleanings and other procedures
• Vision care, including essential eyewear such as glasses and contacts
• Chiropractic services to help with musculoskeletal issues
• Mental health services, such as therapy sessions
• Medical equipment like crutches, wheelchairs, and even certain first-aid supplies

However, don't forget that not every healthcare expense qualifies for HSA use. Non-eligible expenses might include things like cosmetic surgery and over-the-counter medications without a prescription, as well as fitness memberships. Keeping track of what’s eligible can save you money.

If you're uncertain whether a purchase qualifies, reach out to your HSA provider or check the latest IRS guidelines. This will ensure you make the most of your HSA benefits!