HSA Eligible Expenses Guide

Discover which expenses are eligible for reimbursement under your Health Spending Account (HSA). This guide helps you maximize the benefits of your HSA, ensuring you get the most out of your health savings this year.

What is an HSA?

A Health Spending Account (HSA) allows individuals to set aside tax-effective funds for eligible healthcare expenses. This account can be paired with traditional group benefits or used as a standalone plan.

Eligible Medical Expenses

• Doctor visits: Includes consultations, specialist visits, and general practitioner services.
• Prescription medication: All drugs prescribed by a doctor are eligible for reimbursement.
• Vision care: Eyeglasses, contact lenses, and eye exams qualify.

Additional Eligible Expenses

• Dental work: Includes fillings, crowns, and orthodontic services.
• Mental health support: Counselling sessions with a psychologist or psychiatrist are eligible.
• Alternative therapies: Acupuncture, massage therapy, and chiropractic care.

How to Use Your HSA

To use your HSA effectively: - Keep detailed records of all expenses and receipts. - Submit claims through the provider's online portal or by mail. - Review eligible expense lists annually to ensure you are maximizing benefits.

Coordination with Other Plans

Health Spending Accounts often work in tandem with other group health plans. Ensure your HSA is set up for coordination of benefits (COB) to avoid overlapping coverage and maximize reimbursements.