What Purchases are Eligible for HSA Cards?

Health Savings Accounts (HSAs) are a great way to save money for medical expenses while also enjoying tax benefits. One of the convenient features of an HSA is the HSA card, which allows you to easily pay for eligible medical expenses. But what exactly can you purchase with your HSA card?

Here are some common expenses that are eligible for payment with an HSA card:

• Prescription medications
• Doctor's office visits
• Medical procedures
• Dental and vision care
• Over-the-counter medications with a prescription
• Medical supplies like bandages and crutches

It's important to note that not all medical expenses are eligible for HSA card payment. Items like cosmetic procedures, vitamins and supplements without a medical necessity, and general health and wellness products are generally not covered.

Before making a purchase with your HSA card, it's always a good idea to check if the expense is considered eligible. Keep your receipts as proof of the transaction, in case you need to provide documentation later on.

Health Savings Accounts (HSAs) offer an excellent opportunity for individuals to save for medical expenses, all while reaping significant tax advantages. The HSA card is particularly handy, allowing for straightforward purchases of eligible medical expenses. So, what can you utilize your HSA card to buy?

Common purchases that qualify include:

• Prescription medications, ensuring you can manage your health effectively
• Routine doctor's office visits without worrying about your budget
• Necessary medical procedures that may arise unexpectedly
• Dental and vision care including braces, glasses, or contacts
• Over-the-counter medications, provided they come with a prescription from your doctor
• Essential medical supplies like crutches, wheelchairs, and band-aids

However, it is crucial to be aware that not all medical-related expenses are eligible for your HSA card. For instance, cosmetic surgeries, non-prescription vitamins and supplements, and general health products typically fall outside of eligibility.

Before using your HSA card, take a few moments to confirm whether the expense qualifies. Remember to hold onto your receipts; they are necessary should you need to prove your purchases down the line.