What Items are HSA Eligible? A Comprehensive Guide

If you have a Health Savings Account (HSA), you may wonder what items are eligible for purchase using your HSA funds. HSA eligibility extends to a wide range of healthcare products and services that can help you manage your health expenses. It's important to understand what you can and cannot use your HSA funds for. Let's explore some common items that are HSA eligible:

• Prescription medications
• Over-the-counter medications with a prescription
• Medical supplies like bandages and crutches
• Health screenings and tests
• Doctor's office visits and telemedicine services
• Dental and vision care
• Mental health services
• Chiropractic care

It's essential to keep track of your HSA purchases and ensure they comply with IRS guidelines to avoid any penalties. Remember that not all healthcare expenses are HSA eligible, so it's crucial to check before making a purchase.

When it comes to using your Health Savings Account (HSA), it’s crucial to know what expenses qualify for this tax-advantaged account. Along with prescription medications, you can use your HSA funds for a variety of essential healthcare services and products, enabling you to better manage your overall health costs.

• Everyday prescription medications that your doctor recommends
• Over-the-counter medications which require a doctor's prescription
• Necessary medical supplies such as first aid kits, bandages, and walkers
• Preventive care services like health screenings or vaccinations
• Doctor's visits, including in-person consultations, telemedicine chats or virtual visits
• Dental care products and services, including braces and teeth cleanings
• Vision care expenses such as eye exams, glasses, or contact lenses
• Mental health services, including therapy sessions and counseling
• Chiropractic sessions for pain management and alignment issues

Don’t forget to save your receipts as proof of purchase and periodically review the IRS guidelines to maximize the benefits of your HSA while avoiding any potential penalties.