What is Covered Under a Health Savings Account (HSA)?

Are you curious about what expenses are covered under a Health Savings Account (HSA)? Let's delve into the details to help you understand better.

An HSA is a savings account that allows you to set aside pre-tax income to cover qualified medical expenses. Here are some of the common expenses that are typically covered under an HSA:

• Prescription medications
• Doctor's office visits
• Hospital stays
• Dental care
• Vision care

It's essential to note that not all medical expenses are eligible for HSA coverage. Expenses like cosmetic procedures or over-the-counter medications may not be included. However, the list of eligible expenses is quite extensive, making an HSA a versatile tool for managing healthcare costs.

Are you curious about what expenses are covered under a Health Savings Account (HSA)? Let’s take a closer look at how this financial tool can benefit you.

An HSA allows individuals to save pre-tax dollars that can be used for qualified medical expenses. Some common expenses eligible for HSA funds include:

• Prescription medications
• Routine doctor visits
• Emergency hospital stays
• Dental treatments, like cleanings and fillings
• Vision care, such as glasses and contact lenses

While HSAs offer a wide range of covered services, not all medical expenses are eligible. For instance, cosmetic procedures typically do not qualify. Fortunately, with a broad array of eligible expenses, HSAs provide a flexible way to manage and save on healthcare costs.