What can you run through HSA? Understanding the Benefits and Uses

If you have a Health Savings Account (HSA), you may be wondering what expenses you can run through it. An HSA is a tax-advantaged account that allows you to save money for medical expenses. When it comes to using your HSA funds, there are several eligible expenses that you can pay for, providing great flexibility and benefits.

Here is a breakdown of what you can run through your HSA:

• Medical expenses: This includes a wide range of healthcare services such as doctor's visits, prescription medications, dental care, and more.
• Medical supplies: You can also use your HSA funds to purchase items like hearing aids, crutches, and other medical supplies.
• Preventive care: Many preventive services such as vaccinations, screenings, and wellness visits are covered by HSA funds.
• Mental health care: Expenses related to mental health services, therapy sessions, and counseling can be paid for using your HSA.
• Limited over-the-counter medications: While the rules have changed over the years, some over-the-counter medications may still be eligible for HSA reimbursement.

In addition to these common expenses, there are also more unique ways you can use your HSA:

• Acupuncture and chiropractic care
• Laser eye surgery
• Smoking cessation programs
• Weight loss programs for certain medical conditions

It's important to note that not all medical expenses are eligible for HSA reimbursement. Understanding what you can and cannot run through your HSA will help you maximize the benefits of this valuable savings tool.

If you have a Health Savings Account (HSA), you might be curious about the types of expenses you can cover with it. An HSA is a powerful tax-advantaged account designed to help you save money specifically for medical costs. When using your HSA, you'll find that there is a wide array of eligible expenses, providing you with both flexibility and benefits.

Here's a detailed look at what you can cover using your HSA:

• Medical Services: Your HSA can fund a plethora of healthcare services, including routine doctor visits, emergency care, prescription drugs, and dental work.
• Medical Supplies: Funds can also be used to purchase necessary medical equipment such as glucose monitors, wheelchairs, and other essential supplies.
• Preventive Care: You can also utilize your HSA for many preventive services like screenings, immunizations, and annual wellness check-ups.
• Mental Health Services: Costs associated with mental health treatment, including therapy sessions and psychiatric care, can also be covered by your HSA.
• Over-the-Counter Medications: While there have been changes in what over-the-counter items you can purchase, many still qualify for HSA reimbursement.

Beyond these standard expenses, there are also more niche ways to put your HSA funds to use:

• Alternative therapies like acupuncture and chiropractic sessions
• Vision correction procedures, such as LASIK
• Programs to help quit smoking
• Weight loss programs when prescribed for specific medical conditions

Remember, not every medical expense is eligible for reimbursement. It's crucial to understand which items qualify to make the most out of your HSA and maximize your savings.