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What Can You Purchase with a HSA Account at Union Bank & Trust?

Published June 6, 2024

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Short answer: You can use HSA funds at Union Bank & Trust to pay for qualified medical expenses such as prescription medications, doctor’s office visits, certain medical equipment, dental and vision care, and laboratory fees.

Common HSA purchases at Union Bank & Trust

If you have a Health Savings Account (HSA) with Union Bank & Trust, you may wonder what items or services you can purchase using the funds in your account. HSAs are a great way to save for medical expenses while enjoying tax benefits.

Here are some common items and services you can purchase with your HSA at Union Bank & Trust:

  • Prescription medications
  • Doctor's office visits
  • Medical equipment such as crutches or blood pressure monitors
  • Dental and vision care
  • Laboratory fees for medical tests

Examples of medical expenses you can cover

It's essential to remember that not all expenses may be eligible for HSA funds. To ensure compliance with IRS regulations, it's best to check with Union Bank & Trust or refer to the IRS Publication 502 for a list of qualified medical expenses.

With a Health Savings Account (HSA) at Union Bank & Trust, you can cover a variety of medical expenses, helping you manage your healthcare costs effectively.

Common expenditures include:

  • Prescription medications, making your healthcare more affordable
  • Doctor's office visits, ensuring you have access to necessary medical consultations
  • Medical equipment such as crutches or blood pressure monitors, which can help you manage chronic conditions
  • Dental and vision care, allowing you to maintain overall health
  • Laboratory fees for medical tests, giving you a clear picture of your health status

How to confirm HSA-eligible expenses

Always check the eligibility of your expenses by referring to IRS Publication 502 or inquiring directly with Union Bank & Trust, ensuring you maximize your HSA benefits.

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