What Over-the-Counter Medicine Can Be Bought with HSA?

Health Savings Accounts (HSAs) are a great way to save for medical expenses, including over-the-counter (OTC) medicines. But what exactly can you buy with your HSA when it comes to OTC medicines?

Most OTC medicines and medical supplies are eligible expenses that can be purchased using your HSA funds, as long as they are used to treat a specific medical condition. Here are some common examples of OTC medicines that can be bought with your HSA:

• Pain relievers such as ibuprofen and acetaminophen
• Allergy medications like antihistamines
• Cold and flu remedies
• First aid supplies such as bandages and antiseptics
• Heartburn medications

It's important to note that vitamins and supplements are generally not eligible for HSA reimbursement unless they are specifically recommended by a healthcare provider to treat a diagnosed medical condition.

When purchasing OTC medicines with your HSA, be sure to save your receipts and keep track of your expenses for tax purposes. Some stores may require a prescription for certain OTC items if you plan to use your HSA card for payment.

Overall, HSAs offer flexibility and convenience when it comes to managing your healthcare expenses, including OTC medicines. By understanding what is eligible for purchase, you can make the most of your HSA funds and stay healthy.

Health Savings Accounts (HSAs) are not just for big medical bills; they're also a great way to cover essential over-the-counter (OTC) medicines that you might need throughout the year. You might be surprised at the range of items that are eligible for purchase with your HSA funds when it comes to OTC medicines!