What is Eligible for HSA Purchase?

Health Savings Accounts (HSAs) are a smart way to save for medical expenses while enjoying tax benefits. One common question people have about HSAs is what items are eligible for purchase using HSA funds. Here is a comprehensive guide to help you understand what you can buy with your HSA:

Eligible items for HSA purchase:

• Prescription medications
• Doctor's office visits
• Dental care
• Vision care
• Over-the-counter medications (with prescription)
• Medical supplies and equipment

It's important to note that not all medical expenses are eligible for HSA purchase. Non-eligible items include cosmetic procedures, gym memberships, and general health products.

By using your HSA funds wisely on eligible items, you can save money on medical expenses and also benefit from tax advantages. Consult with your HSA provider or tax advisor for specific guidance on what you can purchase with your HSA.

Health Savings Accounts (HSAs) allow individuals to save on a tax-advantaged basis for qualified medical expenses. Understanding what you can purchase with HSA funds is critical in maximizing these benefits. This guide outlines the various expenses that can be paid for using HSA funds.