What Services Will My HSA Cover?

HSA Savings Accounts can help you save on both your monthly health insurance premiums and your taxes! Because the HSA must be paired with a comparatively inexpensive high deductible health plan, you’ll get lower-than average premiums (monthly payments).

There is no other investment that can offer a tax-advantage today alongside tax-deductible withdrawals tomorrow.

How Do I Use the Money in My Group HSA Account?

The cash in your account will be yours to spend tax free, just as long as it’s spend on qualified medical expenses. This includes the purchase of prescription drugs, paying your deductible and more.
In addition to being free to make tax-free withdrawals to cover these types of expenses, you can also use your HSA to cover costs that would not normally be covered by a health insurance policy.

You Can Use Your HSA Account to Pay for:

• Dental Care: Individuals are usually only able to buy into dental discount plans, or more expensive dental insurance policies that restrict their choice of dentists. Coverage for braces is also usually limited. But with your Health Savings Account you can pay for any of these medically necessary procedures!



• Maternity Expenses



• Long-Term Care Insurance Premiums



• Mental Healthcare or Therapy: This includes the costs of psychologists, psychiatrists, psychoanalysts, or psychotherapists.



• Physical Therapy Needs: This could include hydrotherapy, chiropractic services, or medically required massage therapy.



• Alternative Healthcare Treatments: These could include acupuncture therapy, ayurvedic medical therapy, homeopathy, aromatherapy, Traditional Chinese Medicine, or even nutritional consulting.



• Transportation (ambulance) and lodging (hospitalization) related healthcare expenses.



• Preventative Healthcare Programs: These could include blood tests, vaccines, metabolism tests, other lab tests, and even fees paid to a healthcare institute for vitamin therapy prescribed by a doctor.



• Nonprescription Drugs (ie. over the counter drugs): Includes common remedies such as aspirin or cough syrup.



• Special Needs Health Care Expenses: These include fees incurred by the handicapped, for wheelchairs, dedicated telephone or TV equipment, the cost and care of guide dogs, or special schools.