What If I Use My HSA Card on the Wrong Thing? - Understanding HSA Usage

Using your HSA card on the wrong thing can lead to potential consequences, but it's important to understand what actions to take in such scenarios.

Here's a breakdown:

• Check the eligibility: Review the list of IRS-qualified medical expenses to ensure your purchase is eligible.
• Reimbursement: If the purchase is not eligible, consider reimbursing your HSA account for the amount spent.
• Keep records: Maintain receipts and documentation for HSA card transactions to support your spending.

Using your HSA card on the wrong item can be a source of frustration, but knowing what to do can alleviate some of the stress. It's essential to grasp the IRS rules regarding eligible medical expenses before you swipe.