What Does an HSA Cover? Information on HSA Eligible Expenses

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

What HSAs generally cover

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare costs. Understanding what an HSA covers can help you make the most of this financial resource.

Here is a breakdown of what an HSA typically covers:

• Medical Expenses: HSAs can be used to cover a wide range of medical expenses, including doctor visits, hospital stays, prescription medications, and much more. This includes both conventional and alternative treatments.
• Dental Care: Most dental treatments, such as cleanings, X-rays, fillings, and even braces, are eligible expenses under an HSA.
• Vision Care: HSA funds can be used to pay for eye exams, prescription eyeglasses, contact lenses, and laser eye surgery.
• Other Health-Related Items: Over-the-counter medications, first aid supplies, and certain medical equipment can also be purchased with HSA funds.
• Long-Term Care: Qualified long-term care services and premiums for long-term care insurance are considered eligible expenses.

When HSA expenses are not covered

It's important to note that not all medical expenses are covered by an HSA. To be eligible, expenses must be considered medically necessary and not cosmetic.

Additionally, expenses incurred before opening an HSA or expenses that are not considered qualified medical expenses are not covered.

How HSAs support financial health

Health Savings Accounts (HSAs) not only provide a savvy way to save money for medical costs, but they also offer a unique tax-advantaged strategy to enhance your overall financial health.