What Can You Buy with an HSA Account?

Health Savings Accounts (HSAs) offer a tax-advantaged way to save money for medical expenses. One common question people have is what can be purchased using HSA funds. Here are some items that are typically eligible for purchase with an HSA account:

• Prescription medications
• Doctor's office visits
• Dental treatments
• Eye care (including glasses and contact lenses)
• Medical supplies and equipment
• Over-the-counter medications (with a prescription)
• Physical therapy
• Chiropractic care
• Mental health services

It's important to note that not all medical expenses may be eligible for HSA reimbursement, so it's a good idea to check with your HSA provider or refer to the IRS guidelines for a comprehensive list of eligible expenses.

Health Savings Accounts (HSAs) are a fantastic financial tool that allows you to save for medical expenses while reaping tax benefits. One question many people ask is: what can I actually use my HSA funds for? Here’s a handy list of eligible expenses that you might consider:

• Prescriptions for medications directly from your pharmacy
• Billing from your doctor’s office for consultations and treatments
• Costs associated with dental care like cleanings, fillings, and braces
• Vision-related expenses such as prescription glasses or contact lenses
• Medical supplies like bandages, thermometers, or diabetes testing kits
• Over-the-counter medications if you have a prescription from your doctor
• Sessions of physical therapy that your doctor orders
• Chiropractic services aimed at alleviating pain and discomfort
• Counseling and other mental health services, which are essential for your overall well-being

While this list covers many common purchases, keep in mind that not everything may qualify for HSA reimbursement. Always double-check with your HSA provider or refer to IRS guidelines for a more detailed understanding of eligible expenses.