Your HSA can be used to pay for medical expenses ranging from routine doctor visits to surgical procedures.
In order for HSA assets to retain their tax-free status, they must only be withdrawn and used for qualified medical expenses permitted under federal tax law, including:
- Healthcare coverage when unemployed/collecting unemployment
- Certain health insurance after age 65
- Actual medical expenses such as doctor visits and dental care, including expenses for alcoholism, bandages, chiropractor, contact lenses, dental treatment, diagnostic devices, drug addiction, eyeglasses, vision correction surgery, hearing aids, oxygen, prosthesis, psychologist, wheelchair, and X-ray.
- Additional HSA uses can be found by clicking here.
For a comprehensive list of qualified medical expenses, click here.