What Items Can You Purchase with an HSA? - A Complete Guide

Health Savings Accounts (HSAs) provide a tax-advantaged way for individuals to save and pay for qualified medical expenses. One common question among HSA account holders is: what items can you purchase with an HSA? Let's explore the wide range of eligible items that you can buy with your HSA funds:

Eligible Items for Purchase with an HSA:

• Prescription medications
• Over-the-counter medications (with a prescription from a healthcare provider)
• Medical supplies such as bandages, first aid kits, and blood pressure monitors
• Dental care including braces, dentures, and fluoride treatments
• Vision care like eyeglasses, contact lenses, and laser eye surgery
• Mental health services including therapy sessions and counseling
• Diagnostic devices like blood sugar test kits and pregnancy tests
• Smoking cessation programs and aids
• Weight loss programs if prescribed by a healthcare provider

It's essential to keep in mind that not all medical expenses are eligible for HSA funds. Cosmetic procedures, vitamins (unless prescribed), and general health items like gym memberships are typically not covered. To ensure compliance and avoid penalties, it's advisable to refer to the IRS guidelines or consult with a tax professional.

By understanding what items are HSA-eligible, you can make the most of your HSA and take care of your health more effectively. Utilize your HSA funds wisely to cover necessary medical expenses and enhance your overall well-being.

Health Savings Accounts (HSAs) are not just for medical expenses; they can also empower you to plan for your future health needs financially. Beyond standard items, consider partnering with your healthcare provider to understand how HSAs can support a wider range of healthcare decisions.