22 Medical Expenses Covered by an HSA
You might be aware that Health Savings Accounts can be used to pay qualified medical expenses, but are you aware of all the expenses that qualify?
According to IRS Publication 969, you may request tax-free distributions from your account to pay or be reimbursed for qualified medical expenses.
The list of qualified medical expenses are generally the same expenses that qualify for medical and dental expense tax deductions. Those expenses are listed in IRS Publication 502.
22 Out of 70 Qualified Medical Expenses
- Alcohol/drug addiction treatment
- Artificial limb
- Artificial teeth
- Braille books and magazines
- Breast pumps and Supplies
- Dental treatment – preventive care as well as other procedures, braces included
- Eye exam, eye surgery, eyeglasses, contacts
- Guide Dog or other service animal
- Hearing aids
- Home care
- Laboratory Fees
- Lead-Based Paint Removal
- Long-term care
- Prescription drugs
- Special education
- Weight-loss program
For the complete list of qualified medical expenses you can pay with HSA funds – as well as expenses that don’t qualify – see IRS Publication 502. For more information on the Health Savings Account, see IRS Publication 969.
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