Question 1

Does an HSA pay for the same things that regular insurance pays for?

admin · Accepted Answer

HSA funds can pay for any “qualified medical expense”, even if the expense is not covered by your health plan. For example, most health insurance does not cover the cost of prescription eyeglasses, but you can use your HSA dollars to pay for those. If the money from the HSA is used for qualified medical expenses, then the money spent is tax-free.

Question 2

Does an HSA pay for the same things that regular insurance pays for?

admin · Accepted Answer

HSA funds can pay for any “qualified medical expense”, even if the expense is not covered by your health plan. For example, most health insurance does not cover the cost of prescription eyeglasses, but you can use your HSA dollars to pay for those. If the money from the HSA is used for qualified medical expenses, then the money spent is tax-free.