Wondering what you can use your Health Savings Accounts funds for?
Much like the yearly contribution limits, the IRS is continually updating what items are considered qualified medical expenses. Qualified medical expenses define what you can use your HSA funds for. Under the Cares Act 2020, those rules were expanded to cover several valuable items, such as over-the-counter medication, PPE equipment, and telehealth services. These additions are especially useful in today's conditions. Take a look below: