What Medical Expenses Does HSA Cover? - A Complete Guide

Health Savings Accounts (HSAs) are becoming increasingly popular for individuals looking to save money on medical expenses. But what exactly do these accounts cover?

HSAs cover a wide range of medical expenses, including:

• Doctor's visits
• Prescriptions
• Dental care
• Eye exams and glasses
• Hearing aids
• Mental health services
• Chiropractic care

Additionally, HSAs can be used to pay for many other qualified medical expenses, such as:

• Acupuncture
• Birth control
• Counseling
• Laboratory fees
• X-rays
• Physical therapy
• Surgery

It's important to note that not all medical expenses are covered by an HSA. Some expenses that are typically not covered include:

• Cosmetic procedures
• Gym memberships
• Over-the-counter medications
• Health club dues

By using an HSA, individuals can save money on medical expenses while also enjoying tax benefits. It's a great way to plan for future healthcare needs and ensure that you have the funds available when you need them.

Health Savings Accounts (HSAs) provide an excellent opportunity for individuals to manage their healthcare expenses efficiently, especially for those anticipating significant medical needs. Not only do HSAs cover essential healthcare services, but they also promote proactive health management.