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What is FSA and HSA Eligible? - Understanding Eligibility for Flexible Spending Accounts and Health Savings Accounts

Published August 14, 2024

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Short answer: FSA- and HSA-eligible expenses include qualified medical costs listed in the article, but both accounts also have limits on what’s considered eligible.

What counts as FSA and HSA eligible

When it comes to managing healthcare expenses, Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are popular options that offer tax advantages. But what exactly is considered eligible for FSA and HSA expenses?

Flexible Spending Account (FSA) Eligible Expenses:

  • Over-the-counter medications with a doctor's prescription
  • Prescription medications
  • Medical office visit copays
  • Dental and vision expenses
  • Medical devices like blood pressure monitors

Health Savings Account (HSA) Eligible Expenses:

  • Doctor visits and medical services
  • Prescription medications
  • Dental and vision care
  • Medical supplies and equipment
  • Mental health treatments

Account limits and why eligibility matters

Both FSAs and HSAs have limits on what expenses are considered eligible. It's essential to understand these limitations to maximize the benefits of these accounts.

If you're navigating the world of healthcare costs, it's important to understand the ins and outs of both Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) to save on taxes while managing your health expenses.

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