According to the IRS, you can't use your HSA to pay for vitamins or supplements taken for general health. However, you can use your HSA to pay for vitamins or supplements recommended by a health professional to treat or prevent a specific condition. Many vitamins and supplements, such as glucosamine and fiber supplements for constipation, are eligible for HSA spending accounts. You can trust the use of Fullscript because all the brands of vitamins and nutritional supplements they offer are verified by third parties to ensure their quality and potency.
Another HSA rule relates to maximum annual contribution limits, which are set annually by the Internal Revenue Service (IRS). If you're contributing to an HSA, it's important to pay attention to which of your expenses qualify, as the penalties for using HSA funds for ineligible expenses are high. From prenatal care to fish oil and glucosamine, as well as immune supplements such as vitamin C, you can find many of your home health care needs here. If you buy an over-the-counter vitamin to promote overall well-being, that vitamin is unlikely to be covered.
If you have a letter from your doctor stating that massage is medically necessary, you can use your HSA to cover the cost. If you have a letter from your doctor stating that you need a vitamin or supplement to treat a condition, such as a vitamin deficiency, then the expense might qualify. Both an HSA and a Flexible Spending Account (FSA) are tax-advantaged accounts designed to help you save money for medical expenses. They have a wide variety of vitamins, fish oil, probiotics, fiber supplements, joint health supplements such as glucosamine and MSM, herbs such as holy basil, ashwagandha and turmeric, and even essential oils.
Contributing to an HSA gives you tax advantages, and you can also benefit from employer contributions to an HSA on your behalf. The key difference between an HSA and a health FSA isn't what expenses are covered, but who controls the money in the account. You can use your HSA for your spouse and anyone you declare as a dependent for tax purposes, even if your high-deductible health plan doesn't cover them. However, if you're in good health and have an HDHP, supplementing it with an HSA can be a great way to save for future medical expenses and supplement your retirement savings.
For example, FSAs are only available through employers, while HSAs are available for individuals and families to purchase. This is because HSAs are intended for people whose health insurance doesn't cover any costs until the insured has already paid a substantial amount.