What Procedures Can You Pay for with HSA? Your Guide to HSA-Eligible Expenses

Health Savings Accounts (HSAs) provide a tax-advantaged way to save for medical expenses. One of the key benefits of an HSA is the flexibility it offers in covering a wide range of medical procedures and services.

So, what procedures can you pay for with your HSA funds? Here are some common eligible expenses:

• Doctor's visits and consultations
• Prescription medications
• Diagnostic tests such as blood work, X-rays, and MRIs
• Dental treatments including cleanings, fillings, and braces
• Eye exams, glasses, and contact lenses
• Physical therapy and chiropractic care

It's important to note that not all medical procedures are eligible for HSA reimbursement. Cosmetic surgeries, over-the-counter medications, and certain alternative treatments may not qualify.

When using your HSA to pay for eligible procedures, keep these tips in mind:

• Save your receipts and documentation for every expense
• Check with your healthcare provider to ensure the procedure is HSA-eligible
• Use your HSA debit card for easy and convenient payments

By understanding what procedures are covered by your HSA, you can make the most of your account and take control of your healthcare expenses.

Health Savings Accounts (HSAs) are an incredible tool for managing your healthcare costs, letting you save pre-tax dollars for eligible medical expenses. This flexibility means you can make smart choices for your health.

Wondering what procedures can be funded through your HSA? Here’s a list of common expenses you can cover:

• Routine check-ups and specialist consultations
• Prescription drugs and certain medications
• Diagnostic services including lab tests, CT scans, and ultrasounds
• Dental services like cleanings, root canals, and even orthodontic work
• Vision care including comprehensive exams, eyewear, and contacts
• Rehabilitation therapies, like physiotherapy and massage therapy

It's essential to realize that not everything falls under HSA-eligible expenses. Procedures deemed cosmetic, many over-the-counter drugs, and some alternative therapies might not qualify!

To maximize the benefits from your HSA, consider these tips:

• Keep all receipts and documentation relating to HSA-qualified expenses
• Consult with your healthcare provider to confirm the procedure's eligibility
• Utilize your HSA debit card for straightforward and hassle-free payments

By familiarizing yourself with the eligible procedures, you’ll empower yourself to take charge of your healthcare expenses while maximizing your HSA savings.