HSA Basics content
What You Need to Know About Your Health Savings Account (HSA)
Understand Internal Revenue Service (IRS) guidelines and our mobile app offerings—plus, access HSA forms.
IRS Guidelines: How can you use your HSA funds?
For favorable tax treatment, the funds in your HSA must be used for qualified expenses, including:
- Medical expenses, such as doctor visits, prescriptions, dental care or transportation to get medical care
- Long-term care insurance
- Healthcare coverage when unemployed
- Certain continuation-of-benefit healthcare coverage
- Certain health insurance after age 65
Note that HSA funds can no longer be used for over-the-counter medication, except in limited circumstances; check with your tax advisor for details.
For more information, see: