What Products are Eligible for HSA? - A Comprehensive Guide

Health Savings Accounts (HSAs) are a valuable tool for saving money on healthcare expenses, offering tax advantages and flexibility. It's important to know which products are eligible for purchase with HSA funds to make the most of this benefit. Here's a comprehensive guide to the products that qualify:

1. Prescriptions: Both over-the-counter and prescription medications are eligible when prescribed by a healthcare provider.

2. Medical Services: Various medical services including doctor visits, surgeries, lab tests, and mental health counseling are covered.

3. Dental and Vision Care: Expenses related to dental cleanings, braces, eye exams, glasses, and contact lenses are HSA-eligible.

4. Medical Equipment: Items such as blood pressure monitors, crutches, wheelchairs, and hearing aids are considered eligible.

5. First Aid Supplies: Bandages, thermometers, and other first aid supplies can be purchased using HSA funds.

6. Alternative Therapies: Acupuncture, chiropractic care, and other alternative treatments are often HSA-eligible.

7. Personal Care Products: Some personal care items like sunscreen with SPF 30+, acne treatments, and heating pads may qualify.

Remember to keep receipts and documentation for all HSA purchases to substantiate their eligibility. Overall, having an HSA is a smart way to save on healthcare costs while prioritizing your well-being.

Health Savings Accounts (HSAs) are not just a smart way to save for healthcare expenses; they can also play a significant role in long-term financial planning. Understanding the range of products eligible for purchase with HSA funds can empower you to maximize your savings effectively.