What Can You Claim on an HSA?

Health Savings Accounts (HSAs) are valuable tools for managing healthcare expenses while saving on taxes. It's important to understand what expenses you can claim with your HSA to fully utilize its benefits.

Here are some of the common items that you can claim on your HSA:

• Prescription medications
• Doctor’s visits
• Dental and vision care
• Medical procedures and surgeries
• Diagnostic tests
• Physical therapy
• Medical equipment such as crutches or hearing aids
• Mental health counseling

It's important to keep in mind that not all expenses are eligible for HSA reimbursement. Here are some items that are not typically eligible:

• Cosmetic procedures
• Over-the-counter medications
• Health club memberships
• Cosmetic items like makeup
• Non-prescription supplements
• Childcare expenses

Health Savings Accounts (HSAs) offer a strategic way to manage healthcare costs and reduce taxable income. By understanding what expenses qualify for reimbursement, you can maximize the financial advantages of your HSA.

Here are some of the common expenses that qualify for HSA claims:

• Prescription medications, which can significantly reduce your overall healthcare costs.
• Regular visits to your doctor for check-ups or treatments.
• Dental and vision care services, essential for maintaining your overall health.
• Complex medical procedures and necessary surgeries for various health issues.
• Diagnostic tests, including blood work and imaging, which are critical for proper treatment.
• Physical therapy sessions to aid in recovery and mobility.
• Medical equipment like crutches, walkers, or hearing aids that assist in daily activities.
• Mental health counseling sessions, which have become increasingly recognized as vital to wellness.

However, not every expense can be covered. Here are some items typically excluded from HSA reimbursement:

• Cosmetic procedures which do not address health concerns, such as facelifts.
• Over-the-counter medications unless prescribed by a healthcare professional.
• Health club memberships that do not directly tie to medical treatment.
• Cosmetic items like makeup, which do not qualify as necessary healthcare expenses.
• Non-prescription supplements lacking proven health benefits.
• Childcare expenses that are unrelated to medical treatment.