What is Considered a Qualified Expense for Using HSA Funds?

When you have a Health Savings Account (HSA), it's important to understand what expenses qualify for using the funds.

Qualified expenses for using HSA funds include:

• Medical services like doctor visits, prescriptions, and hospital stays
• Dental and vision care such as cleanings, fillings, eyeglasses, and contact lenses
• Mental health services including therapy and counseling
• Prescription medications and over-the-counter items like bandages and pain relievers
• Medical supplies and equipment like crutches, blood sugar test kits, and wheelchairs
• Preventive care services like vaccines, mammograms, and screenings

It's important to keep receipts and records of all expenses to show that they were for qualified medical purposes.

When you have a Health Savings Account (HSA), understanding what expenses are considered qualified is crucial for maximizing your benefits. Qualified expenses include essential medical services such as routine doctor visits and necessary hospital stays.