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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:

Call 800-270-7719


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