What Can You Use HSA for in 2017?

Health Savings Accounts (HSAs) are a valuable tool that individuals can use to save for medical expenses while enjoying tax advantages. In 2017, you can use your HSA for various qualified medical expenses:

• Doctor visits and medical consultations
• Prescription medications
• Dental care, including cleanings, braces, and fillings
• Vision care, such as eye exams, glasses, and contact lenses
• Mental health services and therapy
• Medical equipment and supplies
• Preventive care services

Additionally, you can use your HSA funds for expenses related to COVID-19 testing and treatment. It's important to keep track of your medical expenses and save your receipts for documentation purposes.

Health Savings Accounts (HSAs) provide a fantastic opportunity to manage your healthcare costs effectively, offering tax benefits that can significantly lighten your financial load. In 2023, you can utilize your HSA for a wide range of qualified medical expenses such as:

• Routine doctor visits to maintain your health and catch issues early.
• Prescription medications that can help manage chronic conditions or acute illnesses.
• Comprehensive dental care, including vital procedures like fillings and orthodontics.
• Vision care expenses that include everything from regular eye exams to corrective lenses.
• Mental health services, which are increasingly recognized as essential to overall wellbeing.
• Medical equipment and supplies, ensuring you have what you need for your health.
• Preventative care services that are critical for a healthy lifestyle.

Furthermore, it’s essential to note that spending from your HSA can also cover COVID-19 testing and treatment, making it a versatile asset in these trying times. Always remember to keep your receipts for any qualifying expenses to facilitate easier tracking and compliance with HSA regulations.