What Does HSA Cover in 2021? - Everything You Need to Know

Health Savings Accounts (HSAs) are a valuable tool that can help you save money on healthcare expenses while offering tax benefits. Understanding what an HSA covers in 2021 is essential for maximizing the benefits of this financial instrument.

Here are some key points to keep in mind regarding what HSAs cover in 2021:

• Medical expenses
• Prescription drugs
• Dental care
• Vision care
• Mental health services

It's important to note that not all expenses may be eligible for HSA coverage, so it's best to check with your plan administrator or refer to the IRS guidelines for clarification. Additionally, HSA funds roll over from year to year, giving you the flexibility to save for future healthcare needs.

Health Savings Accounts (HSAs) not only offer you significant tax advantages, but they also allow you to cover a variety of healthcare expenses in 2021. Understanding what qualifies for HSA coverage can help you make informed decisions when it comes to your health budget.