What is Covered Under an HSA Account? - Exploring the Benefits

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while saving on taxes. But what exactly is covered under an HSA account?

Here are some key points to keep in mind:

• Qualified Medical Expenses: The beauty of an HSA is that it covers a wide range of medical expenses, including doctor visits, prescription medications, dental care, vision care, and more.
• Preventive Care: Many preventive services such as vaccinations, screenings, and annual check-ups are typically covered under an HSA.
• Over-the-Counter (OTC) Items: With recent changes in legislation, HSA funds can now be used to purchase certain OTC items without a prescription.
• Long-Term Care: In some cases, long-term care services and insurance premiums may also be covered under an HSA.

It's important to stay informed about what expenses qualify for HSA coverage to make the most of your account.

Health Savings Accounts (HSAs) offer incredible benefits, allowing you to set aside pre-tax money for qualifying medical costs. This means the funds you contribute are tax-deductible, reducing your overall taxable income!