What Does HSA Cover in 2017? Exploring Health Savings Account Benefits

In 2017, Health Savings Accounts (HSAs) continued to be a valuable tool for individuals and families to save on healthcare costs. HSAs are tax-advantaged accounts that can be used to pay for qualified medical expenses. Let's explore what HSA coverage looked like in 2017:

Covered Expenses:

• Prescription drugs
• Doctor visits
• Hospital stays
• Dental care
• Eye exams and glasses

Benefits of HSA Coverage in 2017:

HSAs offer several advantages, including:

• Tax savings on contributions
• Tax-free withdrawals for qualified medical expenses
• Portability - the account stays with you even if you change jobs
• Unused funds roll over year to year

In 2017, Health Savings Accounts (HSAs) continued to play an essential role for many individuals and families looking to manage healthcare expenses effectively. HSAs are specifically designed as tax-advantaged accounts to cover an array of qualified medical expenses. Let's dive deeper into what HSA coverage encompassed in 2017.