You can spend your HSA money on a wide variety of IRS-qualified medical expenses for yourself, your spouse, and your eligible dependents.
Here’s a breakdown of common categories and examples:
1. Routine Medical Expenses
- Deductibles, copayments, and coinsurance for doctor’s visits, specialists, and hospital stays.
- Prescription drugs.
- Over-the-counter medications and products, like pain relievers, allergy medications, and first-aid supplies (including items like bandages, contact lens solution, and sunscreen purchased to treat or alleviate a medical condition).
- Annual physical exams.
- Chiropractic care and acupuncture.
2. Dental care
- Cleanings, X-rays, fillings, and extractions.
- Braces, dentures, and dental implants.
- Dental surgeries and other procedures.
3. Vision care
- Eye exams.
- Prescription eyeglasses and contact lenses.
- Corrective eye surgery, such as LASIK.
4. Other notable expenses
- Menstrual care products: Tampons, pads, menstrual cups, etc.
- COVID-19 related expenses: Testing, treatment, and certain PPE like masks and hand sanitizer.
- Mental health services: Counseling, therapy, and psychiatric care.
- Transportation for medical care: This includes gas, tolls, parking, and even plane tickets if traveling for healthcare.
- Some insurance premiums: Limited instances, such as COBRA premiums or premiums during a period of unemployment compensation.
IRS Publication 502 should always be consulted for the up-to-date list on what is considered eligible. That list can be found here.