What Can You Be Reimbursed For From Your HSA Account?

Health Savings Accounts (HSAs) offer individuals a tax-advantaged way to save and pay for qualified medical expenses. But what exactly can you be reimbursed for from your HSA account?

Here are some common expenses that you can be reimbursed for from your HSA account:

• Doctor's visits and consultations
• Prescription medications
• Medical procedures and surgeries
• Dental care, including cleanings, fillings, and braces
• Vision care, such as eye exams, glasses, and contacts
• Mental health services, including therapy sessions
• Over-the-counter medications with a doctor's prescription

It's important to note that not all medical expenses are eligible for reimbursement from your HSA account. To avoid any penalties or taxes, make sure the expenses you plan to reimburse yourself for are considered qualified medical expenses by the IRS.

Additionally, keep detailed records of your medical expenses and receipts to substantiate any reimbursements from your HSA account.

Health Savings Accounts (HSAs) provide a fantastic opportunity for individuals to not only save money but to also manage healthcare expenses more effectively. Through HSAs, not only can you reimburse yourself for doctor visits, but you also have the flexibility to cover expenses related to preventive care, medications, and even certain wellness expenses.