I was recently shopping for a sauna and was surprised to see a note from several sellers saying that “your purchases may be HSA eligible,” which got me thinking. What other purchases might be eligible?
-What Is An HSA?
A health savings account lets you save money for various healthcare expenses. You contribute money to an HSA on a pre-tax basis (you won’t owe income taxes on your contributions each year). From there, you can use your HSA funds to pay for (or reimburse yourself for) healthcare costs. While your HSA funds can be used anytime, you can only contribute to a health savings account when you have an HSA-eligible healthcare plan (called a High Deductible Health Plan (HDHP)).
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