What Can You Buy with HSA Debit Card?

Having a Health Savings Account (HSA) can offer significant benefits when it comes to covering medical expenses. One convenient feature of an HSA is the ability to use a debit card to make payments for eligible healthcare expenses. But what exactly can you buy with an HSA debit card?

Here are some common items and services that you can purchase using your HSA debit card:

• Prescription medications
• Doctor's office visits and medical consultations
• Dental treatments like cleanings, fillings, and orthodontics
• Eye care services including exams, glasses, and contact lenses
• Medical equipment like crutches, wheelchairs, and blood pressure monitors
• Over-the-counter (OTC) healthcare products such as bandages, first aid kits, and pain relievers
• Mental health counseling and therapy sessions
• Chiropractic care and acupuncture treatments
• Smoking cessation programs and aids
• Laboratory fees for medical tests

It's essential to keep in mind that not all healthcare expenses are eligible for HSA funds. Non-qualified purchases may incur penalties, so it's crucial to familiarize yourself with the IRS guidelines on eligible expenses. Additionally, always save your receipts and documentation to prove that your transactions were for qualified medical purposes.

By understanding what you can buy with your HSA debit card, you can make the most of your account and take control of your healthcare spending. Utilizing this convenient payment method for eligible expenses can help you save money and manage your medical costs effectively.

Discovering the potential of your Health Savings Account (HSA) is exciting, especially when it comes to using your HSA debit card for qualified medical expenses. In addition to covering essential healthcare needs, your HSA can also support a variety of wellness services.