What Over the Counter Medicine Can I Buy with My HSA?

If you have a Health Savings Account (HSA), you may wonder what over the counter (OTC) medicine you can purchase using it. HSAs are a great way to save for medical expenses, including OTC medications, but it's essential to know which items qualify for HSA funds.

Here are some common OTC medicines that you can typically buy with your HSA:

• Pain relievers like ibuprofen and acetaminophen
• Allergy medications such as antihistamines and decongestants
• Antacids and heartburn relievers
• Cough and cold medications

It's important to keep receipts for any OTC medications you purchase with your HSA funds for record-keeping purposes. Remember that not all OTC items may be eligible, so it's best to check with your HSA provider or refer to the IRS guidelines for qualified medical expenses.

If you own a Health Savings Account (HSA), you might be curious about the various over-the-counter (OTC) medicines that you can conveniently purchase using your HSA funds. HSAs are not just a smart saving tool; they allow you to pay for essential medications without denting your wallet. Thankfully, certain OTC medications qualify for purchase through your HSA, making it easier to manage your health expenses.

Here’s a list of frequently purchased OTC medicines eligible for HSA use:

• Pain relievers such as ibuprofen and acetaminophen
• Allergy relief medications including antihistamines and decongestants
• Antacids for heartburn and indigestion
• Cough and cold treatments

While this list covers some common items, remember to save all receipts for your HSA purchases as proof for your records. Also, not every OTC item is eligible; checking with your HSA provider for up-to-date information or referencing IRS guidelines is a wise approach.